Equinix Acquires Metronode; Gains 10 Australia Data Centers
Equinix has acquired Metronode for AUD$1.035 billion or roughly US$792 million, gaining 10 data center facilities across Australia. The deal, subject to regulatory approval, is expected to close in the first half of 2018.
According to Equinix:
“This deal helps Equinix’s leadership position to connect some of Australia’s largest corporations, government agencies, telecommunication, high-growth global cloud service providers and IT service providers through these hyperscale ready new campuses”
Metronode’s annual revenues are roughly AUD$60 million, or approximately US$46 million. Upon close, Equinix will operate 40 data centers across the Asia-Pacific region, and the company will have a global footprint of 200 data centers in 52 markets.
Equinix Growth Strategy
Equinix has blended organic growth and M&A deals to drive its international expansion. The company in 2017, according to a spokesperson, opened new data centers in such key metros as Washington, D.C., Silicon Valley, Singapore, Hong Kong, Amsterdam, Frankfurt and São Paulo.
Equinix also made acquisitions across the Americas, EMEA and Asia Pacific, the spokesperson notes, including:
- Equinix Closes Acquisition of Itconic (October, 2017)
- Equinix Acquires Istanbul Data Center from Zenium (October, 2017)
- Equinix Completes Acquisition of 29 Data Centers from Verizon (May 2017)
- Equinix to Acquire ICT-Center Zurich’s Data Center Business (February, 2017)
- Equinix Acquires IO UK’s Data Center Business (February, 2017)
Australia Technology Mergers, Acquisitions
Meanwhile, M&A activity across Australia has accelerated in recent weeks. Among the deals to note:
- Telstra has acquired Sydney-based professional and managed services provider, VMtech, in a bid to bolster the telco’s strategy to accelerate the growth of its network applications and services business in Australia and further afield, ARN reports.
- A five-company merger created an AUD$20 million MSP.