Equinix announced that the company completed a $780 million acquisition of 13 Bell data centers located in Canada. The $780 million all-cash transaction includes more than 600 customers and approximately 1.2 million gross square feet of data center space. According to the announcement, 500 of these customers are new to Equinix. After the acquisition, Equinix now operates 15 International Business Exchange data centers in Canada.
$780 million all-cash transaction
The company also announced that Andrew Eppich, a six-year veteran of Equinix originally from Toronto, has been appointed Managing Director, Canada. In his new role, he will be responsible for defining Equinix’s strategic vision to develop the enterprise market, deliver a strong network of prospects, customers, and channel partners, provide thought leadership to accelerate new business and revenue growth, and expand Equinix’s role as a trusted advisor to companies as they expand their digital infrastructure. Jon Lin, President, Americas, Equinix said,
“This acquisition complements and extends Equinix’s strategy of expanding our global platform and enhancing cloud and network density to offer enterprises a path to digital success. It also provides a unique opportunity for Equinix to expand its presence in the Americas and positions Equinix as a leading digital infrastructure provider in Canada. Further, it strengthens relationships with Canadian enterprises, many of which prefer local credentials and have multi-metro requirements, while enhancing relationships with global businesses looking to operate in the Canadian market.”
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