Equinix Enters India With $161 Million Acquisition Of GPX Data Centers

The data center giant continues to expand its global reach with the acquisition of the Indian operations of GPX Global Systems, which includes two data centers in Mumbai.

Data center wholesale and colocation giant Equinix is continuing its rapid global expansion pace by acquiring the Indian operations of GPX Global Systems for $161 million, extending Equinix’s market reach.

“India represents the second largest internet user base in the world, with consumption expected to grow with the continued advancement of internet infrastructure, smartphone ownership and the penetration of 4G and 5G,” said Charles Meyers, president and CEO of Equinix, in a statement. “The acquisition of GPX‘s business in India means we are able to make a giant leap forward in terms of growing our ecosystem in India, and gives us a solid foundation for rapid growth and expansion in the country.”

In June, the Redwood City, Calif.-based $5.6 billion company significantly boosted its presence in Canada by acquiring 13 data centers from Bell Canada for a price tag of $750 million in cash. Bell Canada’s data centers are expected to generate more than $100 million in annual revenue for Equinix and open new gateways for North America to Asia and Europe.

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Equinix intends to acquire GPX India’s business consisting of a fiber-connected campus in Mumbai with two data centers. GPX India offers a cloud-dense environment and access to major cloud services including Amazon Direct Connect, Google Cloud Dedicated Interconnect and Oracle Cloud Infrastructure FastConnect.

“Extending Platform Equinix to India has long been a strategic objective,” Meyers said. “And we are excited that the GPX transaction will allow us to capitalize on this market opportunity and meet the needs of our customers as they seek to expand their digital businesses.”

Platform Equinix is comprised of more than 210 data centers across 56 metros and 26 countries, providing data center and interconnection services for over 9,500 businesses, including more than 50 percent of the Fortune 500.

The all-cash GPX acquisition is valued at $161 million and is expected to close in the first quarter of 2021.

The coronavirus pandemic isn’t slowing down Equinix as the company generated $1.45 billion in revenue during the first quarter, up 6 percent year over year, with its more than 210 data centers around the world remaining operational.

Equinix operates 46 IBX data centers in Asia-Pacific across 13 metros in Australia, China, Hong Kong, Indonesia, Osaka, Seoul, Singapore and Tokyo.