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Equinix has closed the all-cash purchase of Itconic and its CloudMas subsidiary for $259m and has acquired the Zenium data centre business in Istanbul for $93m.
After entering into an agreement with The Carlyle Group one month ago, the completed EUR 215 million acquisition expands the global interconnection and data centre company's Iberian footprint, with five data centre assets in Madrid (2), Barcelona (1), Seville (1) and Lisbon (1).
The acquisition of Itconic, a data centre, connectivity and cloud infrastructure solutions provider, further strengthens Equinix's position in Europe and will extend its footprint into two new countries within the region.
Approximately 322,000 gross sq ft to the Equinix International Business Exchange (IBX) have been added to the data centre portfolio. It also extends Platform Equinix into four new markets across Spain and Portugal.
Cloudmas, an Itconic subsidiary which is focussed on supporting enterprise adoption and use of cloud services, brings to Equinix a highly-experienced team of technology professionals with deep expertise in hybrid cloud architectures and cloud adoption and migration strategies. The acquisition adds more than 250 employees to the Equinix team in Europe. Many members of the Cloudmas team have earned certifications for deployment and support...