GOT GPX INDIA FOR US$161 MILLION
Equinix has announced its acquisition of the India operations of GPX Global Systems, Inc. (GPX India) through an all-cash transaction that is valued at US$161 million.
Under the agreement, the acquisition includes GPX India’s business consisting of a fiber-connected campus in Mumbai with two data centers, adding about 1,350 cabinets to Equinix portfolio, with an additional 500 cabinets when fully built out. Both facilities will also add more than 90,000 square feet of colocation space to Platform Equinix upon full build.
“India represents the second largest internet user base in the world, with consumption expected to grow with the continued advancement of internet infrastructure, smartphone ownership and the penetration of 4G and 5G. Extending Platform Equinix to India has long been a strategic objective for Equinix and we are excited that the GPX transaction will allow us to capitalize on this market opportunity and meet the needs of our customers as they seek to expand their digital businesses,” said Charles Meyers, President and CEO, Equinix.
GPX India offers access to major cloud services by featuring direct connectivity such as, Amazon Direct Connect, Google Cloud Dedicated Interconnect and Oracle Cloud Infrastructure FastConnect. The Mumbai facilities also host internet exchanges such as Mumbai IX-DECIX, AMS-IX India, Extreme IX and Bharat IX, which serves ISPs, carriers, CDNs and enterprises.
“We are excited that this acquisition will enable us to join a global leader in the interconnection and data center industry that’s fully aligned with our value proposition. This acquisition will allow our customers to expand across the region and globally via Platform Equinix,” said Manoj Paul, Managing Director, GPX Global Systems, India Ltd.
The acquisition deal is expected to close in Q1 2021.
Currently, Equinix operates 46 data centers in Asia-Pacific across 13 metros in Australia, China, Hong Kong, Indonesia, Osaka, Seoul, Singapore and Tokyo.
At a global level, this acquisition follows Equinix’s purchase of a portfolio of 25 data centers in Canada from BCE Inc. (Bell) for US$750 million (CA$1,041 million), also in an all-cash transaction.