EQUINIX INC acquires Switch and Data Facilities Company, Inc.
Snapshot
EQUINIX INC acquired Switch and Data Facilities Company, Inc. for $683.4 million at close, comprised of approximately $134.0 million in cash and approximately 5.5 million shares of Equinix common stock valued at $549.4 million based on the April 30, 2010 closing price in May 2010. The transaction was structured as combination. Switch and Data Facilities Company, Inc. is a United States (16 new metropolitan areas across North America)-based Data centers / colocation - North America business.
- Acquirer
- EQUINIX INC
- Target
- Switch and Data Facilities Company, Inc.
- Value
- $683.4 million at close, comprised of approximately $134.0 million in cash and approximately 5.5 million shares of Equinix common stock valued at $549.4 million based on the April 30, 2010 closing price
- Date
- May 2010
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
EQUINIX INC acquired Switch and Data Facilities Company, Inc. for $683.4 million at close, comprised of approximately $134.0 million in cash and approximately 5.5 million shares of Equinix common stock valued at $549.4 million based on the April 30, 2010 closing price, a transaction completed in May 2010, structured as combination.
Switch and Data Facilities Company, Inc. operates in Data centers / colocation - North America, is based in United States (16 new metropolitan areas across North America). Switch and Data Facilities Company, Inc. (Nasdaq: SDXC) was a U.S. data center and interconnection operator. The combined company operated more than six million gross square feet of global data center space with more than 575 network service providers, giving customers broader access to 35 global data center metropolitan areas across North America, Europe and Asia-Pacific.
Equinix stated the transaction further strengthened its leadership position in the global data center services market by extending the company's presence to 16 new metropolitan areas across North America and by expanding its regional data center footprint.
Added 16 new North American metros and 575+ network service providers, extending Equinix's interconnection ecosystem to 35 global metros. Combined platform of more than six million gross square feet of data center space with broader interconnection and network density across North America, Europe and Asia-Pacific. Equinix Americas region
No advisory firms have been disclosed for this transaction.