EQUINIX INC acquires Bit-isle, Inc.
Snapshot
EQUINIX INC acquired Bit-isle, Inc. for Approximately $245.6 million net of cash for the combined Bit-isle and Nimbo acquisitions (FY2016 10-K cash-flow disclosure) in November 2015. The transaction was structured as all cash. Bit-isle, Inc. is a Tokyo, Japan-based Data centers / colocation - Japan (Asia-Pacific) business.
- Acquirer
- EQUINIX INC
- Target
- Bit-isle, Inc.
- Value
- Approximately $245.6 million net of cash for the combined Bit-isle and Nimbo acquisitions (FY2016 10-K cash-flow disclosure)
- Date
- November 2015
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
EQUINIX INC acquired Bit-isle, Inc. for Approximately $245.6 million net of cash for the combined Bit-isle and Nimbo acquisitions (FY2016 10-K cash-flow disclosure), a transaction completed in November 2015, structured as all cash.
Bit-isle, Inc. operates in Data centers / colocation - Japan (Asia-Pacific), is based in Tokyo, Japan, had revenue of about Contributed approximately $148.7 million of Asia-Pacific revenue in 2016. Bit-isle, Inc. is a Tokyo-based company that primarily provides data center services in Japan. The acquisition expanded Equinix's Asia-Pacific footprint; Bit-isle contributed approximately $148.7 million of revenue to the region in 2016.
Equinix acquired Bit-isle to deepen its presence in the Japanese data center market, one of the largest in Asia-Pacific.
Established Japanese data center operator that materially expanded Equinix's Asia-Pacific scale and revenue. Integrated into Equinix's Asia-Pacific operations; Equinix later sold Bit-isle's non-core solar power assets in November 2016. Equinix Asia-Pacific region
No advisory firms have been disclosed for this transaction.