The world’s largest colocation data centre operator Equinix has entered into an agreement with The Carlyle Group for the purchase of Itconic.
Itconic is a data centre, connectivity and cloud infrastructure solutions provider in Spain and Portugal. It also operates CloudMas, a subsidiary that is focused on supporting enterprise adoption and use of cloud services.
In its last financial fillings, Itconic generated approximately €55.5m or approximately US$66.8M of revenues for the period Q2 2017 annualized.
Equinix will purchase the companies in an all-cash transaction totalling €215m or approximately US$259M dollars.
The acquisition will include five data centres in four metros, with two located in Madrid, one in Barcelona, one in Seville, and one in Lisbon, and adds approximately 322,000 gross sqf to the Equinix International Business Exchange data centre portfolio.
Full Content: Data Economy
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