EQUINIX INC acquires Axtel data center business (Mexico)
Snapshot
EQUINIX INC acquired Axtel data center business (Mexico) for Approximately $189.0 million total purchase consideration, including $175.0 million in cash and $14.0 million paid to the seller for recoverable VAT in January 2020. The transaction was structured as all cash. Axtel data center business (Mexico) is a Mexico (3 data centers)-based Data centers / colocation - Americas (Mexico) business.
- Acquirer
- EQUINIX INC
- Target
- Axtel data center business (Mexico)
- Value
- Approximately $189.0 million total purchase consideration, including $175.0 million in cash and $14.0 million paid to the seller for recoverable VAT
- Date
- January 2020
- Type
- carve-out / asset acquisition
- Status
- ready
The deal at a glance
About this deal
EQUINIX INC acquired Axtel data center business (Mexico) for Approximately $189.0 million total purchase consideration, including $175.0 million in cash and $14.0 million paid to the seller for recoverable VAT, a transaction completed in January 2020, structured as all cash.
Axtel data center business (Mexico) operates in Data centers / colocation - Americas (Mexico), is based in Mexico (3 data centers). Three data centers in Mexico acquired from Axtel for a total purchase consideration of approximately $189.0 million. The acquisition supports Equinix's ongoing expansion to meet customer demand in the Americas region.
Equinix acquired three Mexican data centers from Axtel to expand in the Americas region and meet growing customer demand.
Three data centers expanding Equinix's Mexican and broader Americas footprint. Equinix Americas region
No advisory firms have been disclosed for this transaction.