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Announced

Completed

Equinix completed the acquisition of Packet Host.

Financials

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Transaction Value£258m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

bare metal automation platform

Single Bidder

United States

Acquisition

Private

Friendly

IT Services: Other

Majority

Disposal

Domestic

Private Equity

Synopsis

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Equinix, the global interconnection and data center company, completed the acquisition of Packet Host, a bare metal automation platform. Financial terms were not disclosed. "We started Packet to help make infrastructure a competitive advantage for the leading companies of the world. As part of Equinix, we're excited to take the next step on our journey and accelerate that vision globally. In my new role, I look forward to leading our combined bare metal efforts and leveraging the unique strengths of both Packet and Equinix to help digital businesses seamlessly deploy on Platform Equinix," Zachary Smith, Packet CEO.

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