Equinix: Equinix acquires GPX’s India data centres for 1.2k crore

Equinix: Equinix acquires GPX’s India data centres for 1.2k crore


MUMBAI: NYSE-listed data centre company Equinix has acquired the India operations of GPX Global Systems for $161 million (1,200 crore) in cash. The deal is expected to close in the first quarter of 2021.

The acquisition will help extend Equinix’s presence to India with two data-centre campuses in Mumbai. Equinix will get access to customers such as Google Cloud, Oracle Cloud and Amazon Direct Connect and another over 200 international and local companies . These include cloud service providers, content delivery network providers, Internet service providers and four Internet exchanges, the company said in a news release.

Equinix CEO Charles Meyers said: “India represents the second largest Internet user base in the world, with consumption expected to grow with the continued advancement of Internet infrastructure, smartphone ownership and the penetration of 4G and 5G… The acquisition of GPX’s business in India means we are able to make a giant leap forward in terms of growing our ecosystem in India, and gives us a solid foundation for rapid growth and expansion in the country.”

According to analysts, the deal is an indication of India emerging as a destination for data centre investments. “The data centre market in India is expected to exceed $1 billion in 2020 and grow at a 12% compound annual growth rate from 2019 to 2024, the third highest rate in the world,” said John Dinsdale, the chief analyst at the Synergy Research Group.

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