Equinix (Nasdaq: EQIX) is dead set on expanding its global muscle and the completion of its acquisition of fellow data center operator Switch and Data is proof of that strategy.
To complete the Switch and Data acquisition, as previously announced last October, Equinix will pay $683.4 million with $134 million in cash and $549.4 million in Equinix stock.
With this acquisition complete, Equinix instantly expands its presence in 16 new North American metro markets in addition to expanding its footprint from six to 22 metro areas.
Now the fun part of integrating Switch and Data's data center business into Equinix's fold begins. Equinix will integrate Switch and Data's 34 data centers in 22 markets in both the U.S. and Canada, while adding more than one million gross square feet of data center capacity and expanding its global service delivery platform footprint to 87 IBX and partner data centers in 35 North American, European and Asia-Pacific metro markets. What's more, Equinix will gain access into a number of key metros, including Atlanta, Denver, Miami, Seattle and Toronto.
- see the release here
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