Equinix will buy Telecity Group Ending Proposed Interxion Merger
FREMONT, CA: Equinix, the largest data center player in the world, will acquire Telecity Group for $3.6Bn. The two companies look forward to increase network and cloud density to serve and attract customer better in a bigger platform to take the emerging enterprise opportunity. The deal will halt the proposed merger of Interxion and Telecity Group.
“Equinix can use Telecity to double down in the top four European markets and extend into new ones that have long-term potential,” said Jabez Tan, senior analyst, Structure Research, reports Jason Verge for Data Center Knowledge.
Equinix connects the world’s leading businesses to their customers, employees and build internal prospective partners within the interconnected data centers. It is a company where 33 markets from across 5 continent come together to realize new opportunities and accelerate their business, IT and cloud strategies.
TelecityGroup specialize in internet, data center, managed hosting & security, connectivity, efficient content, colocation, hosting, carrier-neutral, network services, and IT infrastructure.
“The M&A landscape in Europe should continue to move incrementally and will increasingly be driven by strategic considerations. One possibility is that we may see scaled players like Interxion think about building a US-based footprint to respond and M&A would potentially be one means to that end,” says Tan.
Interxion state-of-the-art data centers provide cloud-and carrier-neutral colocation, space, power and cooling with reliability performance; securely deliver mission-critical applications and content to end consumers at lesser cost with excellent response at the appropriate time.