Global data center solutions provider CyrusOne (NASDAQ:CONE) has closed the previously announced acquisition of a suburban Chicago data center in Aurora, Illinois, from CME Group.
The transaction expands CyrusOne’s existing portfolio of more than 30 data centers across the U.S. and overseas, while providing customers involved in the global financial markets with connectivity and proximity to the CME Globex platform.
The transaction was finalized for $130 million and adds to CyrusOne’s existing data center platform a 428,000-square-foot facility data center serving the Chicago metropolitan region. In addition, CyrusOne has acquired approximately 36,000 colocation square feet available for lease and approximately 15 acres of developable land directly adjacent to the data center.
“The closing of this acquisition marks an exciting milestone for us as we solidify our leadership position in the financial services market and enhance our services for enterprise customers in Chicago and across the US,” said Gary Wojtaszek, president and chief executive officer (CEO) of CyrusOne. “The acquisition represents the next step in our longer-term strategic plan to enhance our ability to innovate and support customers in the financial services sector. We look forward to expanding this global risk management campus to meet the growing and evolving colocation needs of customers.”
In accordance with the sale agreement, CME Group has entered into a 15-year lease for data center space at the Aurora facility. The company’s electronic trading platform, CME Globex, is to remain in operation within this space. The agreement is expected to enhance the range of services available to CyrusOne and CME Group’s mutual customers through connectivity, hosting, and data offerings.