Last week, Equinix announced plans to sell eight of its European data centers to Digital Realty Trust for the amount of $874.4 million. These facilities include: TelecityGroup’s Bonnington House, Sovereign House, Meridian Gate and Oliver’s Yard data centers and Equinix’s West Drayton data center in London; TelecityGroup’s Science Park and Amstel Business Park I in Amsterdam; and TelecityGroup’s Lyonerstrasse data center in Frankfurt.
The sale of these assets was a pre-condition set by the European Commission in November 2015 for Equinix’s acquisition of TelecityGroup plc.
Additionally, Equinix has separately negotiated with Digital Realty a binding option for Equinix to acquire Digital Realty’s operating business including its real estate and facility in St. Denis, Paris where Equinix has an established presence with its PA2 and PA3 International Business Exchange (IBX) data centers.
- On January 15, 2016, Equinix completed the acquisition of TelecityGroup plc in a transaction valued at approximately $3.8 billion (£2.6 billion). The addition of TelecityGroup’s 34+ data centers, net of the divestment, more than doubled Equinix’s capacity in Europe, fortifying its position as the largest retail colocation provider in the region and in the world.
