Equinix has acquired five data centers in total in Madrid, Barcelona, Seville and Lisbon from Itconic, a leading data center, connectivity and cloud infrastructure solutions provider in Spain and Portugal. The all-cash deal was valued at €215M (approximately US$259M).
The five data centres together add approximately 322,000 gross square feet to the Equinix International Business Exchange (IBX) portfolio. Itconic generated approximately €55.5M or approximately US$66.8M of revenues for the period Q2 2017 annualized. Approximately 250 employees will transfer to the Equinix team.
