(The Hosting News) – Top data center provider Equinix recently made a significant investment in expanding its data center infrastructure. The location? The Asia-Pacific region. To do so, the company agreed to acquire the assets of co-data center provider Asia Tone.
For a price tag of $230.5 million, Equinix will receive six new facilities from the Asian data center provider. Six of them are data centers while one is a disaster recovery center. Meanwhile, another facility to be acquired is currently under construction.
Advising Equinix on the transaction was financing company J.P. Morgan. Discussing the matter in a press release, Equinix CEO Steve Smith said the move would be “an important milestone in establishing market leadership” for his company in the area.
“As our fastest growing region for several years and one in high demand by customers, we see tremendous opportunity for growth. We are especially pleased to expand our footprint in China, which is highly desirable for multi-national customers looking to expand into this high-growth market,” Smith continued.
Specific Asian regions include Singapore, Shanghai and Hong Kong. The deal is set to close in the third quarter of this year. Equinix already has a considerably large data center infrastructure, currently operating nearly one hundred facilities in the U.S., Europe and Asia.
Among the company’s data center services are colocation, network connectivity, cloud, interconnection and more. Just earlier this month, Equinix made news by announcing plans to construct a new location in Boca Raton, Florida. For more information regarding the company’s Asia-Pacific expansion, view a press release here (equinox.com).