Global colocation and interconnection company Equinix has acquired the Zenium data center business in Istanbul from the existing shareholders in an all-cash transaction for $93 million. The data center currently generates approximately US$2.5 million of annualized revenues.
The purchase of the Zenium business includes a total of three buildings and land. The Zenium data center renamed Equinix IS2 is partially fitted out; the two other buildings are shell and core and prepared for data center fit out. IS2 provides Equinix with 1,500 square meters of colocation space today with the ability to increase this to 12,000 square meters of colocation space and up to 22MW of critical customer load at full build – creating the ability for a future campus environment.
“The dynamic evolution of digital technology is disrupting how business is done across all industries, forcing companies to invent new, information-centric business models,” said Eric Schwartz, president, EMEA, Equinix. “These business models rely on interconnection and distributed IT architecture. As the Turkish economy continues to grow, Istanbul will become an increasingly important hub for connectivity and technology infrastructure, and this new campus will help Equinix meet this demand from customers across our global customer base.”
Data Centers Turkey
The acquisition of IS2 would extend Equinix’s ability to provide Turkish businesses with the direct and secured connectivity they need to expand their global reach in new and existing markets. Equinix currently operates a single data center – IS1 – in Istanbul, and has 67 “International Business Exchange (IBX)” data centers across Europe and the Middle East, strategically located in 18 metropolitan areas across 13 countries.
There are 10 networks, including Turk Telecom, already present at the new Equinix IS2 data center, providing network choice to the many multinationals, hyperscalers and IT vendors who use Istanbul as a regional headquarters or a gateway to markets in Asia and the Middle East.
“We congratulate Equinix with this transaction, which enables us to focus on our business in Western Europe,” said Franek Sodzawiczny, CEO & founder of Zenium. “The technological infrastructure in Turkey is advancing quickly, as businesses are requiring more interconnection to compete. This is a great opportunity and Equinix is now well positioned to drive this exciting data center business forward.”