Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, has announced that it has acquired the Zenium data center business in Istanbul from the existing shareholders in an all-cash transaction for USD 93 million, the company said.
The data center currently generates approximately USD 2.5 million of annualized revenues. The acquisition was signed and completed on October 6, 2017.
The Zenium data center, which will be renamed Equinix IS2, will further strengthen the Equinix position in Europe. As the largest metro in Turkey, Istanbul acts as a strategic gateway between Europe and Asia with critical economic and geopolitical importance. IS2 provides Equinix with key capacity and a growth path which enables the company to address growing demand for colocation and interconnection services in Turkey.
Equinix connects the world´s businesses to their customers, employees and partners inside the most interconnected data centers. In 44 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.