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Equinix moves into India market with acquisition

Equinix DC.jpg

Equinix has moved into India with the completion of the acquisition of the Indian operations of GPX Global Systems, in an all-cash transaction of $161 million.

The deal includes a fibre-connected campus in Mumbai with two data centres.

Equinix India will be led by managing director Manoj Paul, an industry veteran with more than 25 years of experience.

Prior to Equinix, Paul led the operation of GPX India. Before joining GPX he spent 11 years with Bharti Airtel in India, where his last role was chief operating officer (enterprises) for the western region.

The acquired data centres in Mumbai, dubbed Equinix MB1 and MB2, form a network-dense data centre campus with more than 350 international brands and local companies, including leading cloud service providers (CSPs), content delivery network (CDN) providers, all local carriers and 170 internet service providers and five internet exchanges.

The two facilities provide an initial 1,350 cabinets, with an additional 500 cabinets on build-out. They will add more than 90,000 sq ft of colocation space to the firm's Platform Equinix offering.

Jeremy Deutsch, president of Equinix Asia-Pacific, said: “Bringing Platform Equinix to India not only solidifies Equinix's position as the leading digital infrastructure provider in Asia-Pacific, but also provides a new option to local enterprises and multinationals operating in India to interconnect and manage their digital infrastructure in Mumbai.”

Manoj Paul added: “With the global footprint of Equinix and the industry's largest ecosystem we are well-positioned to be a critical part as well as a driving force of the digital revolution in India, helping businesses to leap forward domestically and globally.”

In connection with the transaction, first announced last year, JP Morgan, Cyril Amarchand Mangaldas and Deloitte Touche Tohmatsu India were advisors to Equinix, and KPMG and Kanga & Co were advisors to GPX.