EQUINIX INC acquires Zenium data center business (Istanbul)
Snapshot
EQUINIX INC acquired Zenium data center business (Istanbul) for Approximately $92.0 million (cash payment) in October 2017. The transaction was structured as all cash. Zenium data center business (Istanbul) is a Istanbul, Turkey-based Data centers / colocation - EMEA (Turkey) business.
- Acquirer
- EQUINIX INC
- Target
- Zenium data center business (Istanbul)
- Value
- Approximately $92.0 million (cash payment)
- Date
- October 2017
- Type
- carve-out / asset acquisition
- Status
- ready
The deal at a glance
About this deal
EQUINIX INC acquired Zenium data center business (Istanbul) for Approximately $92.0 million (cash payment), a transaction completed in October 2017, structured as all cash.
Zenium data center business (Istanbul) operates in Data centers / colocation - EMEA (Turkey), is based in Istanbul, Turkey. Zenium's data center business in Istanbul, acquired for a cash payment of approximately $92.0 million. The acquired intangible assets were customer relationships with an estimated useful life of 15 years; results reported in the EMEA region.
Equinix acquired Zenium's Istanbul data center business to enter and expand in the Turkish market within EMEA.
Entry into the Istanbul data center market with established customer relationships (15-year intangible life). Equinix EMEA region
No advisory firms have been disclosed for this transaction.