Data center and co-location provider Equinix have completed the acquisition of Australia’s Metronode in a USD 780 million deal. With this acquisition, Equinix seeks to increase their market share in Australia by catering to both government and business organizations.
Equinix say that their hold on the data center market in APAC (Asia Pacific) has been consolidated after adding 10 new data centers to take their tally to 40. They also say that by acquiring Metronode, their total data center assets have grown by 860,000 sq.feet.
According to Equinix, the demand for data centers is strong from existing as well as potential customers in the APAC market. They also believe that a major digital transformation is on the horizon for the Australian market given its fast rate of adopting edge and cloud computing services.
Speaking about the acquisition, Jeremy Deutsch, Managing Director at Equinix Australia, commented:
This acquisition expands our national footprint and will enable us to help our customers interconnect at the digital edge throughout Australia. We are thrilled to already see very strong demand from our existing customers and potential new customers, each expressing their desire to expand into the enlarged Platform Equinix across Australia.
Industry experts claim that Equinix has laid out a firm strategy of doubling their footprint in growing markets to move ahead of the competition. They also say that with this pace of growth, they could become market leaders very soon in the APAC region.
In closing, Equinix said that 60 employees from the Metronode team are set to join them as a part of the acquisition.