Through its Japanese subsidiary, Equinix has bought all the outstanding shares in Tokyo-based Bit-isle for 33.3 billion Japanese Yen (about $US280 million.)
The acquisition will place Equinix as the fourth largest data centre operator in Japan and will see it gain five data centres in Tokyo and one in Osaka. After it finishes building TY5 in the first quarter next year, Equinix will have 10 International Business Exchanges (IBX) in Tokyo and two in Osaka.
"The company's local leadership, business and network operations teams will greatly enhance our strength in this important market and we look forward to bringing them into the Equinix family," Equinix CEO and president, Steve Smith, said in a statement.
Bit-isle president and CEO, Kohei Terada, said the acquisition provides access to densely interconnected networks and Cloud services, giving customers access to data centres in 33 markets.
"We will continue to support Japanese companies in Japan, and in every market where they do business," Terada said.
It has offered JPY922 per share and expects to complete the purchase early next year, if it satisfies all the conditions.
Source: ARN Australia
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