REDWOOD CITY, Calif. and
ZURICH, Feb. 28, 2017 /PRNewswire/ -- Equinix, Inc.
(Nasdaq: EQIX), the global interconnection and data center company,
today announced that it has entered into an agreement for the
purchase of ICT-Center AG, Zurich's data center operating business in
Zurich, Switzerland. The facility,
which is adjacent to Equinix's existing Zurich International
Business Exchange™ (IBX®) data centers – ZH2 and ZH4 – provides
Equinix with the ability to expand its ZH4 IBX data center to
further enable interconnection in this key European metro.
Equinix will purchase the asset for less than $5 million. The agreement was signed on
February 1, 2017, and the acquisition
is expected to close sometime in early April 2017.
Highlights / Key Facts
- Switzerland is one of the most
developed countries in the world – the World Economic Forum's
Global Competitiveness Report currently ranks Switzerland's economy as the most competitive
in the world[1], while ranked by the European Union as Europe's most innovative country[2].
Businesses in this unique market are increasingly leveraging
Equinix's global interconnection platform to accelerate performance
and access key markets around the world to gain competitive
advantage.
- The acquisition of the ICT data center business will be
incorporated into the existing ZH4 data center and will enable
Equinix to meet customer demand for data center and interconnection
services. Equinix's Zurich data
centers (ZH1, ZH2, ZH4, ZH5) are tethered together forming a campus
environment, providing customers with the ability to easily
interconnect with one another in business ecosystems for maximum
collaboration across digital supply chains. The Zurich campus also enables businesses to reach
90 percent of Europe within 20ms
making Zurich an ideal hub for
enterprises with multiple European offices.
- The ICT-Center AG acquisition will add approximately 60
cabinets of sold capacity and a total colocation space of
approximately 230 cabs. The data center currently has a large
number of network customers, which further increases network
density at site, as well as global enterprises and financial
services companies. With more than 70 networks available at the
site this is the most interconnected site in Switzerland.
- Today, more than 325 companies collocate in Equinix's
Switzerland data centers in Zurich
and Geneva to connect to business
partners and customers across their digital supply chains. Equinix
Switzerland is home to many thriving, diverse business ecosystems,
connectivity to major Internet carriers and Switzerland's two largest Internet exchanges:
Equinix Internet Exchange and Swiss IX.
- Equinix currently operates 150 IBX data centers in 41 markets,
providing customers even more ways to connect with other businesses
around the world on Platform Equinix™.
Quotes
- Eric Schwartz, president,
EMEA, Equinix:
"With the right to privacy and data
protection enshrined in the Swiss constitution, combined with a
fast, sound IT infrastructure, Switzerland continues to be a top destination
for international business. We believe this acquisition enables
Equinix to provide more capacity and interconnection to customers
who leverage Platform Equinix for access to network or cloud
connectivity, or accelerate digital transformation."
Additional Resources
- Equinix Solidifies EMEA Data Center Portfolio [press
release]
- The Successful Cloud-Enabled Enterprise [infopaper]
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects
the world's leading businesses to their customers, employees and
partners inside the most interconnected data centers. In 41 markets
across five continents, Equinix is where companies come together to
realize new opportunities and accelerate their business, IT and
cloud strategies. www.equinix.com.
Forward Looking Statements
This press release contains forward-looking statements which are
based on current expectations, forecasts and assumptions that
involve risks and uncertainties that could cause actual results to
differ materially from expectations discussed in such
forward-looking statements, including statements related to the
acquisition of ICT Center's data center operating business in
Zurich, Switzerland and the
expected benefits from the acquisition. Factors that might cause
such differences include, but are not limited to, unanticipated
costs or difficulties relating to the integration of companies or
assets we have acquired or will acquire into Equinix, including the
ICT-Center data center assets; the challenges of acquiring,
operating and constructing IBX centers and developing, deploying
and delivering Equinix services; a failure to receive significant
revenue from customers in recently built out or acquired data
centers; failure to complete any financing arrangements
contemplated from time to time; competition from existing and new
competitors; the ability to generate sufficient cash flow or
otherwise obtain funds to repay new or outstanding indebtedness;
the loss or decline in business from our key customers; and other
risks described from time to time in Equinix's filings with the
Securities and Exchange Commission. In particular, see Equinix's
recent quarterly and annual reports filed with the Securities and
Exchange Commission, copies of which are available upon request
from Equinix. Equinix does not assume any obligation to update the
forward-looking information contained in this press
release.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
[1] "Global Competitiveness Report 2016-2017" (PDF). World
Economic Forum.
http://www3.weforum.org/docs/GCR2016-2017/05FullReport/TheGlobalCompetitivenessReport2016-2017_FINAL.pdf
[2] "European Innovation Scoreboard – European Commission".
Retrieved 2016-12-13.
http://ec.europa.eu/growth/industry/innovation/facts-figures/scoreboards_en
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/equinix-to-acquire-ict-center-zurichs-data-center-business-300414650.html
SOURCE Equinix, Inc.