Equinix to Expand into Asia-Pacific Through Acquisition

Redwood City, Calif. -- Looking to expand into the Asia-Pacific region, Redwood City-based Equinix, a provider of data center services, said on Tuesday it will pay $230.5 million in cash to acquire data centers from Hong Kong-based Asia Tone. The deal, expected to close after mid-year, includes five data centers and one disaster recovery center, in addition to one data center under construction. "As our fastest growing region for several years and one in high demand by customers, we see tremendous opportunity for growth," said Steve Smith, the president and CEO of Equinix. "We are especially pleased to expand our footprint in China."
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