Equinix has completed the acquisition of Hong Kong-based data centre provider Asia Tone in an all cash transaction valued at $230.5 million, the data centre services provider announced today.
Asia Tone is among the leading data centre service providers in Asia Pacific, and serves more than 80 customers across the region, of which about one-third are existing Equinix customers.
The acquisition strengthens Equinix's position in Asia Pacific which is the company's fastest growing region, the company said in a statement. This acquisition increases its presence in Shanghai to support growing demand from multinational customers looking to expand in China, the company claimed.
"With the acquisition of Asia Tone, Equinix now has a footprint of 105 data centres located in 38 markets around the world," said a company spokesperson. "Equinix gains a total of six data centres and one disaster recovery centre located across three key markets - Hong Kong, Shanghai and Singapore. This includes one data centre under construction in Shanghai which will be built in three phases and will provide an additional capacity of 80,000 sq ft and approximately 900 cabinets when completed."
The Shanghai data centre's first phase will be completed in Q3 2012.
Equinix said that China is the most requested market for its customers looking to expand globally. Equinix plans to offer premium colocation services in China.
"With the acquisition of Asia Tone, Equinix is in a strong position to establish market leadership in Asia Pacific," said Steve Smith, president and CEO of Equinix. "With our increased footprint in China and growing capacity in Shanghai, we are well-positioned to meet demand from multinational customers looking to expand in this high-growth market."
Equinix said that it will integrate Asia Tone business operations, staff and customer base and will ensure that the data centres meet Equinix standards for operational and customer service excellence.
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