Equinix closes Metronode acquisition to become market leader in Australia
Source: Edelman DABO , Author: Posted by BI-ME staff
Posted: Wed May 9, 2018 1:45 pm

UAE. Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, has announced the completion of its acquisition of Metronode, a leading data center provider operating facilities throughout Australia.

The acquisition makes Equinix the market leader in Australia with 15 International Business ExchangeTM (IBX®) data centers nationwide. It expands the company’s operations in Sydney and Melbourne, and provides a presence in four new markets: Perth, Canberra, Adelaide and Brisbane.

Digital transformation could add as much as A$45 billion (approximately US$35 billion) to Australia's gross domestic product (GDP) by 2021, according to new joint research from Microsoft and IDC[1].

The expanded Platform Equinix® will provide significant opportunities for Australian organizations to continue their digital transformation, and move their IT infrastructure, applications and services closer to the digital edge in proximity to global customers and partners.

The closure follows an agreement Equinix made with Ontario Teachers’ Pension Plan in December 2017 to acquire all the equity interests in Metronode group of companies in an all-cash transaction for A$1.035 billion, or approximately US$804 million.

Samuel Lee, President of Equinix Asia-Pacific said:“The acquisition of Metronode ensures Equinix will continue to strengthen its leadership position in the Asia-Pacific region and support our ongoing global expansion while further enabling Australia’s digital economy. Equinix is increasingly helping customers to digitally transform their businesses through deploying high-level interconnections taking their infrastructure, applications and services closer to customers and partners.”

Additional Resources
• Equinix acquires Metronode Data Centers [website]
• Equinix to Extend Market Leadership in Australia through Acquisition of Metronode [press release]
• Equinix now has 15 sites in 6 markets across Australia [blog]
• 451 Research - Equinix branches out across Australia with $792m Metronode acquisition [analyst report]

Photo: For illustrative purposes only

About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects the world’s leading businesses to their customers, employees and partners inside the most interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. Equinix.com

[1] Unlocking the Economic Impact of Digital Transformation in Asia Pacific

 

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