Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns show up across EQUINIX's deal book — what the team buys, how it pays, and how it integrates. The patterns are the throughline; the deals below are the evidence.
13 acquisitions. Each entry carries the deal value, financing structure, target revenue, executive commentary, and the original SEC filing — the evidence behind the patterns above.
Switch and Data Facilities Company, Inc. (Nasdaq: SDXC) was a U.S. data center and interconnection operator. The combined company operated more than six million gross square feet of global data center space with more than 575 network service providers, giving customers broader access to 35 global data center metropolitan areas across North America, Europe and Asia-Pacific. $683.4 million at close, comprised of approximately $134.0 million in cash and approximately 5.5 million shares of Equinix common stock valued at $549.4 million based on the April 30, 2010 closing price.
EQUINIX COMPLETES $683.4 MILLION ACQUISITION OF SWITCH AND DATA, STRENGTHENING ITS LEADERSHIP IN DATA CENTER SERVICESEquinix press release headline — May 3, 2010
TelecityGroup plc, a public company organized under the laws of England and Wales, provided data center solutions across Europe. Equinix acquired it via a court-sanctioned scheme of arrangement under Rule 2.7 of the UK City Code on Takeovers and Mergers. Recommended cash-and-share offer valuing each TelecityGroup share at approximately 1,145.0 pence and TelecityGroup's entire issued and to-be-issued share capital at approximately GBP 2,351.9 million (~$3.8 billion); 572.5 pence in cash plus 0.0327 new Equinix shares per TelecityGroup share.
On May 29, 2015, Equinix issued the Rule 2.7 Announcement disclosing the terms of the Transaction. For each TelecityGroup share, TelecityGroup shareholders will receive 572.5 pence in cash and 0.0327 new shares of Equinix common stock by means of a court sanctioned scheme of arrangement.Equinix Form 8-K — Item 1.01, filed May 29, 2015
Equinix FY2016 10-K: "The Company completed the TelecityGroup acquisition on January 15, 2016 ... TelecityGroup's operating results for the period January 15, 2016 through December 31, 2016 are included in the consolidated statement of operations for the year ended December 31, 2016."
Bit-isle, Inc. is a Tokyo-based company that primarily provides data center services in Japan. The acquisition expanded Equinix's Asia-Pacific footprint; Bit-isle contributed approximately $148.7 million of revenue to the region in 2016. Approximately $245.6 million net of cash for the combined Bit-isle and Nimbo acquisitions (FY2016 10-K cash-flow disclosure).
On November 2, 2015, the Company acquired Bit-isle, Inc. ("Bit-isle"), a Tokyo-based company which primarily provides data center services in Japan.Equinix FY2016 10-K — business combinations disclosure
A portfolio of 24 data center sites comprising 29 data center buildings across 15 metro areas, acquired from Verizon Communications Inc. The deal opened three new markets (Bogota, Culpeper and Houston) and accelerated Equinix's penetration of enterprise and strategic market sectors including government and energy. $3.6 billion in an all-cash transaction (cash purchase price of approximately $3.6 billion); funded with proceeds from debt and equity financings.
Equinix to Acquire Portfolio of 24 Data Center Sites from Verizon in $3.6 Billion Deal ... Equinix, Inc. today announced it has entered into a definitive agreement to purchase a portfolio of 24 data center sites and their operations from Verizon Communications Inc. for $3.6 billion in an all cash transaction.Equinix press release (Ex-99.1) — December 6, 2016
Equinix FY2018 10-K: "...the Verizon Data Center Acquisition from May 1, 2017..." and FY2018 10-K business note: "a cash purchase price of approximately $3.6 billion ... funded ... with proceeds from debt and equity financings."
Zenium's data center business in Istanbul, acquired for a cash payment of approximately $92.0 million. The acquired intangible assets were customer relationships with an estimated useful life of 15 years; results reported in the EMEA region. Approximately $92.0 million (cash payment).
On October 6, 2017, the Company acquired Zenium's data center business in Istanbul for a cash payment of approximately $92.0 million.Equinix FY2018 10-K — business combinations disclosure
Itconic, a data center provider in Spain and Portugal, including CloudMas, an Itconic subsidiary focused on supporting enterprise adoption and use of cloud services. The acquisition included five data centers in four metro areas - two in Madrid and one each in Barcelona, Seville and Lisbon. Cash purchase price of EUR 220.5 million, or approximately $259.1 million at the exchange rate in effect on October 9, 2017.
On October 9, 2017, the Company completed the acquisition of Itconic for a cash purchase price of EUR 220.5 million, or $259.1 million at the exchange rate in effect on October 9, 2017.Equinix FY2018 10-K — business combinations disclosure
The 1.6 million-square-foot Infomart Building in Dallas, including its operations and tenants, where Equinix had already been operating four Equinix data centers. Acquired for approximately $804.0 million. Approximately $804.0 million, funded with approximately $45.8 million in cash and $758.2 million aggregate fair value of 5.000% senior unsecured notes.
On April 2, 2018, we completed the Infomart Dallas Acquisition for a purchase price of approximately $804.0 million, which was funded with approximately $45.8 million in cash and $758.2 million aggregate fair value of 5.000% senior unsecured notes.Equinix FY2018 10-K — business combinations disclosure
Australian data center provider Metronode and its 10 data centers, acquired for a cash purchase price of A$1.034 billion (~$804.6 million). A$1.034 billion, or approximately $804.6 million at the exchange rate in effect on April 18, 2018 (cash).
On April 18, 2018, we completed the Metronode Acquisition for a cash purchase price of A$1.034 billion or approximately $804.6 million at the exchange rate in effect on April 18, 2018.Equinix FY2018 10-K — business combinations disclosure
Three data centers in Mexico acquired from Axtel for a total purchase consideration of approximately $189.0 million. The acquisition supports Equinix's ongoing expansion to meet customer demand in the Americas region. Approximately $189.0 million total purchase consideration, including $175.0 million in cash and $14.0 million paid to the seller for recoverable VAT.
On January 8, 2020, the Company completed the acquisition of three data centers in Mexico from Axtel for a total purchase consideration of approximately $189.0 million, including $175.0 million in cash and $14.0 million the Company paid to the seller for recoverable value-added taxes ("VAT").Equinix FY2020 10-K — business combinations disclosure
Packet, the leading bare metal automation platform. Packet's capabilities became Equinix Metal, which adds direct integration to Equinix Fabric and expands the services to new global locations, letting enterprises, SaaS companies and digital service providers provision interconnected bare metal resources in minutes instead of months. Total purchase consideration of approximately $290.3 million.
Equinix to Acquire Bare Metal Leader Packet ... Equinix, Inc. today announced it has signed a definitive agreement to acquire Packet, the leading bare metal automation platform. The acquisition will accelerate Equinix's strategy to help enterprises more seamlessly deploy hybrid multicloud architectures on Platform Equinix.Equinix press release (Ex-99.1) — January 14, 2020
The India operations of GPX Global Systems, Inc. ("GPX India") - two world-class, highly interconnected data centers in Mumbai with more than 200 international brands and local companies, leading cloud service providers, networks, 130 ISPs and four internet exchanges. The acquisition extended Platform Equinix to India. All-cash transaction value of US$161 million (approximately 15x projected EBITDA at full utilization); total purchase consideration of approximately INR 12.5 billion, or $170.5 million at the exchange rate in effect at close.
Equinix Expands to India with Acquisition of GPX India ... The all-cash transaction value of US$161 million represents a multiple of approximately 15x the projected EBITDA at full utilization.Equinix press release (Ex-99.1) — August 10, 2020
Equinix FY2021 10-K: "On September 1, 2021, we completed the acquisition of GPX India, representing two data centers in Mumbai, India, for a total purchase consideration of approximately INR 12.5 billion, or $170.5 million at the exchange rate in effect on that date."
MainOne Cable Company Ltd., representing four data centers as well as a subsea cable and terrestrial fiber network across West Africa (Nigeria, Ghana, Cote d'Ivoire). The acquisition marked Equinix's entry into the African market. Enterprise value of approximately $320 million at announcement (all-cash); total purchase consideration of $278 million at close.
On April 1, 2022, we completed the acquisition of all outstanding shares of MainOne, which consisted of four data centers as well as a subsea cable and terrestrial fiber network. We acquired MainOne and its assets for a total purchase consideration of $278 million.Equinix FY2024 10-K — business combinations disclosure
Equinix FY2024 10-K confirms close on April 1, 2022 for total purchase consideration of $278 million.
Data centers acquired from Empresa Nacional De Telecomunicaciones S.A. ("Entel"), a leading Chilean telecommunications provider - four data centers in Chile (closed May 2, 2022, ~$638 million) and one in Peru (closed August 1, 2022, ~$80 million). The deal marked Equinix's expansion into Chile and Peru. Enterprise value of approximately US$705 million at announcement; at close, Entel Chile (four data centers) for approximately $638 million plus Entel Peru (one data center) for approximately $80 million.
Equinix to Expand into Chile and Peru with US$705 Million Acquisition of 4 Entel Data Centers ... Equinix, Inc. today announced its planned expansion into Chile and Peru through its intended acquisition of four data centers from Empresa Nacional De Telecomunicaciones S.A. ("Entel") ... for an enterprise value of approximately US$705 million.Equinix press release (Ex-99.1) — March 18, 2022
Equinix FY2024 10-K: "On May 2, 2022, we further expanded in Latin America through an acquisition of four data centers in Chile from Entel ... for a total purchase consideration of $638 million ... On August 1, 2022, we completed the acquisition of a data center in Peru from Entel for a total purchase consideration of $80 million."