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Equinix buys Asia Tone for $230m
11 July 2012
Acquisition of Hong Kong’s Asia Tone expands Equinix’s data centre footprint to 105 in 38 countries
Data centre operator Equinix has acquired Hong Kong’s data centre owner Asia Tone for $230 million in cash. The acquisition means Equinix now has 105 data centres in 38 markets.
The latest deal brings one disaster recovery centre and six data centres in Singapore, Hong Kong and Shanghai.
President and CEO Steve Smith said: “With the acquisition of Asia Tone, Equinix is in a strong position to establish market leadership in Asia-Pacific. As our fastest growing region and one in high demand by customers, we see a tremendous opportunity to continue our track record of growth in Asia-Pacific.”
Asia Tone has over 80 clients across the region, out of which nearly one-third are already Equinix’s clients.
Smith added: “With our increased footprint in China and growing capacity in Shanghai, we are well positioned to meet demand from multi-national customers looking to expand in this high-growth market.” GTB
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