EQUINIX INC acquires Itconic (and subsidiary CloudMas)
Snapshot
EQUINIX INC acquired Itconic (and subsidiary CloudMas) for Cash purchase price of EUR 220.5 million, or approximately $259.1 million at the exchange rate in effect on October 9, 2017 in October 2017. The transaction was structured as all cash. Itconic (and subsidiary CloudMas) is a Spain and Portugal (Madrid x2, Barcelona, Seville, Lisbon)-based Data centers / colocation - EMEA (Spain & Portugal) business.
- Acquirer
- EQUINIX INC
- Target
- Itconic (and subsidiary CloudMas)
- Value
- Cash purchase price of EUR 220.5 million, or approximately $259.1 million at the exchange rate in effect on October 9, 2017
- Date
- October 2017
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
EQUINIX INC acquired Itconic (and subsidiary CloudMas) for Cash purchase price of EUR 220.5 million, or approximately $259.1 million at the exchange rate in effect on October 9, 2017, a transaction completed in October 2017, structured as all cash.
Itconic (and subsidiary CloudMas) operates in Data centers / colocation - EMEA (Spain & Portugal), is based in Spain and Portugal (Madrid x2, Barcelona, Seville, Lisbon). Itconic, a data center provider in Spain and Portugal, including CloudMas, an Itconic subsidiary focused on supporting enterprise adoption and use of cloud services. The acquisition included five data centers in four metro areas - two in Madrid and one each in Barcelona, Seville and Lisbon.
Equinix acquired Itconic to expand into the Spanish and Portuguese data center markets and add cloud-enablement capability via CloudMas.
Five data centers in four Iberian metros plus the CloudMas cloud-enablement subsidiary. Equinix EMEA region
No advisory firms have been disclosed for this transaction.