Equinix is expanding into India through the acquisition of the India operations of GPX Global Systems at US$161 million which is expected to close in first quarter of 2021, subject to customary closing conditions including regulatory approval.
The acquisition will extend Platform Equinix to India with the addition of two highly interconnected data centres located in Mumbai, which provide opportunity for additional expansion across the country.
Equinix customers will have access to a network-dense data centre campus with more than 200 international brands and local companies, including the world’s leading cloud service providers (CSPs), leading networks, content delivery network (CDN) providers, all local carriers, 130 internet service providers (ISPs) and four internet exchanges.
Also, this acquisition will allow Equinix to support its existing network, content, cloud and enterprise customers looking to expand in this rapidly growing market. The expansion will help local companies accelerate their digital transformation journeys by deploying their infrastructures, applications and services closer to the edge through the globally interconnected platform of more than 210 International Business Exchange (IBX) data centres.
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.
Charles Meyers, president and CEO, Equinix, noted that 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.
“The GPX transaction will allow us to capitalise on this market opportunity and meet the needs of our customers as they seek to expand their digital businesses,” said Meyers.
Manoj Paul, managing director of GPX India, said the appetite from global companies for expansion into India is matched by local interest in expanding overseas.
“This creates a thriving marketplace and by integrating our data centres with Platform Equinix, our customers will have access to a global interconnection platform that can accelerate their business and connect them with customers and partners across the world,” said Paul.