Equinix Expands into India, Buys GPX India for $161M in Cash

Data center colocation company Equinix has expanded into India through the acquisition of the India operations of GPX Global Systems. Equinix has acquired GPX India from GPX Global Systems for $161 million in an all-cash transaction.

The acquisition will extend Platform Equinix to India with the addition of two highly interconnected colocation data centers. This will provide Equinix with a platform for additional expansion across the country.

Both colocation data centers are strategically located in Mumbai. The facilities are home to the critical IT infrastructure of numerous global organizations. These data centers feature international connectivity serviced by subsea cables at landing sites located nearby.

It will provide Equinix customers with access to a network-dense data center campus with more than 200 international brands and local companies. It includes the world’s leading cloud service providers (CSPs), content delivery network (CDN) providers, all local carriers, 130 Internet service providers (ISPs) and four Internet exchanges.

“This acquisition will allow our customers to expand across the region and globally via Platform Equinix,” said Manoj Paul, Managing Director, GPX Global Systems, India. “Equinix has been highly successful with enterprises worldwide, the segment which is complementary with our existing customer base of carriers, content and cloud service providers. 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 centers 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.”

Mumbai IX-DECIX, AMS-IX India

The fiber-connected campus in Mumbai with two data centers adds more than 1,350 cabinets, with an additional 500 cabinets at full buildout. The facilities will add more than 90,000 square feet of colocation space to Platform Equinix when fully built.

Charles Meyers
“Extending Platform Equinix to India has long been a strategic objective for Equinix and we are excited that the GPX transaction will allow us to capitalize on this market opportunity,” said Charles Meyers, President and CEO of Equinix.

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. GPX India also has an interconnection solution that enables customers to connect to multiple cloud platforms designed to address the vast appetite for cloud services in the country where the cloud services market is expected to grow threefold to more than $7.1 billion from 2018 to 2022.

GPX India facilities also host key Internet exchanges such as Mumbai IX-DECIX, AMS-IX India, Extreme IX and Bharat IX, allowing ISPs, carriers, CDNs and large enterprises to exchange Internet traffic.

“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,” said Charles Meyers, President and CEO of Equinix. “Extending Platform Equinix to India has long been a strategic objective for Equinix and we are excited that the GPX transaction will allow us to capitalize on this market opportunity and meet the needs of our customers as they seek to expand their digital businesses. The acquisition of GPX’s business in India means we are able to make a giant leap forward in terms of growing our ecosystem in India, and gives us a solid foundation for rapid growth and expansion in the country. This acquisition follows the recent announcement of our planned expansion in Canada and is a testament to our continued focus on expanding our global reach as companies continue to view interconnection at the digital edge as a business imperative.”