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Equinix expands into India with acquisition of GPX India data centers


MUMBAI: Equinix, Inc, the global interconnection and data center company, has acquired the India operations of GPX Global Systems, Inc. in an all-cash transaction value of $161 million.


This includes two data center campuses in Mumbai with more than 200 international brands and local companies, including the cloud service providers (CSPs), content delivery network (CDN) providers, all local carriers, 130 internet service providers (ISPs) and four internet exchanges, the company said in a release.


The acquisition is expected to close in the first quarter of 2021 subject to customary closing conditions including regulatory approval, the company said in a release.


Globally, Platform Equinix comprises more than 210 data centers across 56 metros and 26 countries, providing data center and interconnection services for over 9,500 of businesses. Currently, it operates 46 IBX data centers in Asia-Pacific across 13 metros in Australia, China, Hong Kong, Indonesia, Osaka, Seoul, Singapore and Tokyo.


According to industry experts, the deal is an indication of emergence of data centers as an asset and investment class for both investors and service providers.


“Data center industry has quickly become a favored asset class attracting investments across the whole spectrum of private equity investors, infrastructure funds, real estate funds along with strategic players looking for consolidation opportunities,” said Rachit Mohan, India head, Data Center, JLL. “India is riding this wave in the forefront, and is expected to attract significant investments in the time to come.”


According to McKinsey, core digital sectors in India, such as IT and digital communication services are projected to double in size by 2025 to contribute $355-435 billion to the economy.

Equinix expands into India with acquisition of GPX India data centers Equinix expands into India with acquisition of GPX India data centers Reviewed by TechCO on 8/11/2020 Rating: 5

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