EQUINIX INC acquired GPX India (GPX Global Systems' India operations) for 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, a transaction completed in September 2021, structured as all cash.
GPX India (GPX Global Systems' India operations) operates in Data centers / colocation - Asia-Pacific (India), is based in Mumbai, India (2 data centers). 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.
Equinix announced its expansion into India through the GPX India acquisition, extending Platform Equinix with two highly interconnected Mumbai data centers and a platform for additional pan-Indian expansion in one of the fastest-growing markets.
Two network-dense Mumbai data centers (200+ brands, 130 ISPs, four internet exchanges) anchoring Equinix's entry into the fast-growing Indian market. Extended Platform Equinix to India, providing a base for additional expansion across the country. Equinix Asia-Pacific region 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."
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
Advisory firms were not disclosed for this transaction.