Equinix, a provider of global data centre services, has announced it has entered into a definitive agreement to acquire certain assets and operations of Hong Kong-based data centre provider Asia Tone in an all cash transaction valued at US$230.5 million. In total, Equinix gains five data centres and one disaster recovery centre, in addition to one data centre under construction, located across three key markets – Hong Kong, Shanghai and Singapore. Asia Tone serves a strategic customer base, which includes many existing Equinix customers.
“The acquisition of Asia Tone will be an important milestone in establishing market leadership for Equinix in Asia-Pacific,” said Steve Smith, president and CEO of Equinix. “As our fastest growing region for several years and one in high demand by customers, we see tremendous opportunity for growth. We are especially pleased to expand our footprint in China, which is highly desirable for multi-national customers looking to expand into this high-growth market.”
The transaction, which is expected to close in Q3 2012, will significantly expand Platform Equinix capacity in Asia, increasing Equinix’s global footprint to 104 data centres in 38 markets. Equinix gains high-quality data centres as well as experienced staff to meet strong demand from network, cloud, financial services and content customers in the Asia-Pacific market. As part of the deal, Equinix will gain a new facility in Shanghai that, when completed, will provide additional capacity of 80,000 sq ft of data centre space. This new Shanghai data centre will support global customers looking to expand into the region and is expected to be available in the second half of 2012.