Equinix (EQIX) to Acquire Asia Tone in $230.5M Deal

Equinix, Inc. (Nasdaq: EQIX), has entered into a definitive agreement to acquire certain assets and operations of Hong Kong-based data center provider Asia Tone in an all cash transaction valued at $230.5 million. In total, Equinix gains five data centers and one disaster recovery center, in addition to one data center under construction, located across three key markets – Hong Kong, Shanghai and Singapore. Asia Tone serves a strategic customer base, which includes many existing Equinix customers.

The transaction, which is expected to close in Q3 2012, will significantly expand Platform Equinix™ capacity in Asia, increasing Equinix’s global footprint to 104 data centers in 38 markets. Equinix gains high-quality data centers as well as experienced staff to meet strong demand from network, cloud, financial services and content customers in the Asia-Pacific market. As part of the deal, Equinix will gain a new facility in Shanghai that, when completed, will provide additional capacity of 80,000 square feet of data center space. This new Shanghai data center will support global customers looking to expand into the region and is expected to be available in the second half of 2012.

J.P. Morgan acted as financial advisor to Equinix on this transaction.

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