Acquisition deepens interconnection at city center and expands company's leadership position in Swiss market
Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that it has entered into an agreement for the purchase of ICT-Center AG, Zurich's data center operating business in Zurich, Switzerland. The facility, which is adjacent to Equinix's existing Zurich International Business Exchange™ (IBX®) data centers – ZH2 and ZH4 – provides Equinix with the ability to expand its ZH4 IBX data center to further enable interconnection in this key European metro.
Equinix will purchase the asset for less than $5 million. The agreement was signed on February 1, 2017, and the acquisition is expected to close sometime in early April 2017.
Highlights / Key Facts
Eric Schwartz, president, EMEA, Equinix: "With the right to privacy and data protection enshrined in the Swiss constitution, combined with a fast, sound IT infrastructure, Switzerland continues to be a top destination for international business. We believe this acquisition enables Equinix to provide more capacity and interconnection to customers who leverage Platform Equinix for access to network or cloud connectivity, or accelerate digital transformation."
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 41 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
 "Global Competitiveness Report 2016-2017" (PDF). World Economic Forum.
 "European Innovation Scoreboard – European Commission". Retrieved 2016-12-13.
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