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New Deal


Announced

Completed

Equinix completed the acquisition of the Indian operations of GPX Global Systems for $161m.

Financials

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Transaction Value£123m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA15x
Share Price Premium-
One Off Charge-

Tags

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Cross Border

India

Data Centers and Hosting

Private

Acquisition

Single Bidder

Friendly

data center infrastructure

Majority

Completed

Synopsis

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Equinix, the global interconnection and data center company, completed the acquisition of the Indian operations of GPX Global Systems, a provider of carrier-neutral data center services, for $161m. "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. Extending Platform Equinix to India has long been a strategic objective for Equinix and we are excited that the GPX transaction will allow us to capitalize on this market opportunity and meet the needs of our customers as they seek to expand their digital businesses," Charles Meyers, Equinix President and CEO.

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