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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Equinix Inc | NASDAQ:EQIX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.37 | 0.48% | 698.70 | 652.00 | 765.00 | 704.915 | 693.11 | 703.77 | 1,029,564 | 01:00:00 |
REDWOOD CITY, Calif., Oct. 9, 2017 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that it has acquired the Zenium data center business in Istanbul from the existing shareholders in an all-cash transaction for US$93 million. The data center currently generates approximately US$2.5 million of annualized revenues. The acquisition was signed and completed on October 6, 2017.
The Zenium data center, which will be renamed Equinix IS2, will further strengthen the Equinix position in Europe. As the largest metro in Turkey, Istanbul acts as a strategic gateway between Europe and Asia with critical economic and geopolitical importance. IS2 provides Equinix with key capacity and a growth path which enables the company to address growing demand for colocation and interconnection services in Turkey.
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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 44 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 Zenium 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 we have acquired or will acquire into Equinix, including Zenium; the challenges of acquiring, operating and constructing IBX data 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 filings with the Securities and Exchange Commission. In particular, see recent Equinix 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.
1 "Report for Selected Countries and Subjects". IMF World Economic Outlook Database, April 2017. http://www.imf.org/external/pubs/ft/weo/2017/01/weodata/index.aspx
View original content with multimedia:http://www.prnewswire.com/news-releases/equinix-acquires-istanbul-data-center-from-zenium-300533014.html
SOURCE Equinix, Inc.
Copyright 2017 PR Newswire
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