Tuesday, September 8, 2015

Equinix Bids for Japan's Bit-isle Data Centers

Equinix announced a cash tender offer for all issued and outstanding shares of Tokyo-based Bit-isle Inc. The offer price is JPY 922 per share, in an all cash transaction totaling 33.3 billion Japanese Yen or approximately US$280 million.

Bit-isle operates five data centers in Tokyo and one in Osaka.  These facilities are in close proximity to the existing Equinix International Business Exchange (IBX) data centers in Japan creating campuses for customers’ future expansion needs. Bit-isle has a strong Japanese enterprise and system integrator customer base, including some of Japan’s largest businesses.

Equinix said the acquisition of Bit-isle will make it the fourth largest data center operator in Japan. After the completion of TY5 in Q1 2016, Equinix will have 10 IBX data centers in Tokyo and two in Osaka.

The Bank of Tokyo-Mitsubishi has committed to provide a one-year senior bridge term loan facility to fund the acquisition.


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