- Platform Equinix consists of more than 210 data centres across 56 metros and 26 countries, providing data centre and interconnected services for over 9,500 of businesses
- Core digital sectors in India, such as IT and Digital communication services are expected to double in size by 2025 to contribute $355 – $435 billion
According to a report, global giant and data centre company Equinix has acquired the India operations of GPX Global Systems, Inc. in an all-cash transaction value of $161 million.
This also includes two data centre campuses in Mumbai. They have more than 200 international brands and local companies which include club service providers, content delivery network providers, all local carriers, 130 internet service providers (ISPs) and four internet exchanges, as mentioned by the company press release.
As claimed by the company, the acquisition is expected to close in the first quarter of 2021 subject to customary closing conditions including regulatory approval. Platform Equinix consists of more than 210 data centres across 56 metros and 26 countries, providing data centre and interconnected services for over 9,500 of businesses. Presently, it operates 56 IBX data centres in Asia-Pacific across 13 metros in Australia, China, HongKong, Indonesia, Osaka, Seoul, Singapore and Tokyo.
Attracting significant investments
It has also been revealed that the the deal is an indication of emergence of data centres as an asset and investment class for both investors and service providers. Rachit Mohan, India Head, Data Center, JLL also shared “Data center industry has quickly become a favoured asset class attracting investments across the whole spectrum of private equity investors, infrastructure funds, real estate funds along with strategic players looking for consolidation opportunities.” He also added that India is rising this wave in the forefront, and is expected to attract significant investments in the time to come.
Core digital sectors in India, such as IT and Digital communication services are expected to double in size by 2025 to contribute $355 – $435 billion to the company according to McKinsey.
