Wednesday, June 27, 2007

Equinix to Acquire IXEurope for $482 Million -- 14 Data Centers

Equinix announced plans to acquire IXEurope Plc, which operates 14 data centers across Europe, in a deal valued at $482 million. IXEurope's 14 data centers comprise more than 380,000 square feet of net sellable space throughout Europe, including centers in London, Zurich, Frankfurt, Munich, Paris, Dusseldorf and Geneva. The company serves more than 450 enterprise and Internet customers, including Merrill Lynch, Avis Europe, Deutsche Boerse, Citigroup, Rackspace and SurfControl.

Equinix plans integrate IXEurope's network-neutral data center business and operations under the Equinix brand. Equinix is targeting completion of the transaction in mid-September 2007.

The acquisition comes as Equinix is in the midst of a more than $450 million expansion program in the U.S. and Asia-Pacific since 2006.

Equinix said the addition of IXEurope to its announced expansions, will give it a total footprint of more than three million square feet of data center space across 17 markets in the U.S., Europe and Asia-Pacific.

"The strategic acquisition of IXEurope by Equinix will solidify Equinix's position as the world's market leading colocation provider with high-quality data centers across the United States, Asia-Pacific and Europe," said Steve Smith, CEO of Equinix.