Business
Equinix Acquires Switch Datacenters' AMS1 Data Center Business in Amsterdam
REDWOOD CITY, Calif. and AMSTERDAM, April 23, 2019 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today
About this update from Equinix, Inc.
[{"type":"text","content":"REDWOOD CITY, Calif. and AMSTERDAM, April 23, 2019 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that it has closed a transaction for the purchase of Switch Datacenters' AMS1 data center business in Amsterdam, Netherlands, in an all-cash transaction for €30 million ($34 million). The facility, which will be renamed Equinix AM11 International Business Exchange™ (IBX®) data center, is in close proximity to Equinix's existing campus in southeast Amsterdam and will help meet growing demand for digital infrastructure connectivity in the Amsterdam and broader European markets, as businesses continue to build out their digital edge strategies. \n\n \nThe agreement was signed on April 16, 2019, and the acquisition was completed on April 18, 2019. \nHighlights / Key Facts\nAM11 becomes the 11th Equinix IBX data center in the Netherlands and the ninth Equinix IBX located in Amsterdam. The data center is a leased asset and adds approximately 250 cabinets of sold capacity and a total capacity for approximately 700 additional cabinets once the facility is completely built out. The site can also support the potential to expand into an adjacent building to accommodate future growth and approximately 1,300 additional cabinets. Equinix's southeast Amsterdam campus includes AM1, AM2, AM5 and AM7. The AM11 data center will be tethered to Equinix's AM7 data center, enabling customers to easily interconnect with the world's largest business ecosystems available on Platform Equinix® for maximum collaboration across digital supply chains. AM11 currently has a customer mix that maps closely to Equinix's existing base including networks, cloud service providers and content and digital media companies. Private connectivity between enterprises, strategic cloud service providers and network services is essential as digital transformation fuels higher demand for localized digital services at the edge. According to Volume 2 of the Global Interconnection Index, a market study published by Equinix, the capacity for private data exchange between enterprises and cloud and network service providers is forecast to grow nearly 10 times faster than public internet traffic by 2021. Equinix's Netherlands IBX data centers are business hubs to more than 1,125 companies that connect to business partners ...