Equinix May Bid for Telecity

Equinix confirmed that it is in preliminary discussions with the Board of TelecityGroup regarding a possible cash and share offer for the company.

Equinix said that in the United Kingdom, the acquisition of TelecityGroup would add capacity in Central London and Docklands that would complement the focus of Equinix’s current operations in Slough. Additionally, the acquisition would add capacity in several of Equinix’s current locations throughout Europe, and extend Equinix’s footprint into new locations with identified cloud and interconnection needs including Dublin, Helsinki, Istanbul, Milan, Stockholm and Warsaw.

Telecity confirmed that it continues to progress the proposed merger agreement with Interxion announced earlier this year.

http://www.telecitygroup.com/our-company/news/2015/first-quarter-2015-trading-update.htm

http://www.equinix.com

In February 2015, TelecityGroup plc and Interxion, both leading operators of data centers across Europe, announced plans for a merger. 

Under the deal, Interxion shareholders would receive 2.3386 new TelecityGroup shares per Interxion share. As a result, Interxion shareholders would own approximately 45%, and TelecityGroup shareholders approximately 55%, of the combined group. The primary listing for the combined group would be in London with a New York Stock Exchange listing for TelecityGroup’s existing ADR programme.

TelecityGroup, headquartered in the United Kingdom, operates 39 data centers in key European cities. It has annual turnover of £349 million.

Interxion, which is based in Amsterdam, operates 39 data centres across 11 countries.  It has annual turnover of £274 million.