Equinix to sell 16 US data centres
Data centre provider Equinix is reportedly set to sell 16 of its sites to an investment group for approximately $75 million, exiting nine US markets.
Newswire Reuters reports that Equinix is selling to the group, consisting of data centre company 365 Main, and investment firms, Crosslink Capital and Housatonic Partners, to focus on its most productive data centres.
Once the deal is completed the 16 data centres will be owned and managed by 365 Main, with key Equinix employees who have experience with the sites and their customers to transfer over to the company.
The 16 sites reportedly generated less than 2% of Equinix’s annual revenue. The data centre provider said in its annual report that it had 92 data centres across North America, Europe and Asia-Pacific.
The transaction is expected to be completed in the fourth quarter of 2012.
Equinix has recently been expanding its presence in emerging markets having announced plans to acquire $230.5 million of assets from Hong Kong-based data centre provider AsiaTone, in May.
The company’s CEO, Steve Smith, said it also expected to acquire or open data centres in markets such as India, Korea and Russia.