(The Hosting News) – Colocation provider Equinix is shedding some weight. On Tuesday, the company announced a transaction that allows a variety of investments groups including 365 Main and Crosslink Capital to acquire sixteen of its International Business Exchange data centers.
The asking price for the facilities? $75 million for a deal expected to be finalized later this year.
Discussing the matter in a press release, Equinix president of the Americas Charles Meyers cited prioritization as a reason for the sell. “We believe the divestiture of these assets will allow us to focus our capital and energy on our most productive data centers and will ensure that customers at these sites will be supported by an experienced data center operator that will continue to invest in these locations,” commented Meyers.
Losing the facilities shouldn’t deal much of a blow to Equinix’s finances. The company emphasized an estimation signaling that together, the sold data centers bring in just under 2% of overall revenue on an annual basis.
With the big transaction, 365 Main will take on the role as data center administrator and manager, overseeing the newly transferred data center infrastructure. Meanwhile, the shift represents Equinix’s departure from markets including Indianapolis, Phoenix, Tampa and St. Louis. However, the data center operator will stay active in other U.S. areas with data centers located in Chicago, New York and Seattle.
Equinix operates on a global scale. The data center operator’s international sites include Brazil, Canada, Switzerland, the United Kingdom, Germany and Australia. Among the company’s services are colocation, cloud, IT, network connectivity and more. Earlier this year in July, Equinix announced its acquisition of Asia-based data center provider Asia Tone, thus expanding its presence in the Asia-Pacific region.