Equinix to Acquire ICT-Center Zurich's Data Center Business

ICT-Center's Zurich data center is located in the same building as Equinix's ZH2 & ZH4 datacenters.

Source: Press Release Febuary 28, 2017.

REDWOOD CITY, Calif. and ZURICH, Feb. 28, 2017 /PRNewswire/ -- 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

Switzerland is one of the most developed countries in the world – the World Economic Forum's Global Competitiveness Report currently ranks Switzerland's economy as the most competitive in the world[1], while ranked by the European Union as Europe's most innovative country[2]. Businesses in this unique market are increasingly leveraging Equinix's global interconnection platform to accelerate performance and access key markets around the world to gain competitive advantage.

The acquisition of the ICT data center business will be incorporated into the existing ZH4 data center and will enable Equinix to meet customer demand for data center and interconnection services. Equinix's Zurich data centers (ZH1, ZH2, ZH4, ZH5) are tethered together forming a campus environment, providing customers with the ability to easily interconnect with one another in business ecosystems for maximum collaboration across digital supply chains. The Zurich campus also enables businesses to reach 90 percent of Europe within 20ms making Zurich an ideal hub for enterprises with multiple European offices.

The ICT-Center AG acquisition will add approximately 60 cabinets of sold capacity and a total colocation space of approximately 230 cabs. The data center currently has a large number of network customers, which further increases network density at site, as well as global enterprises and financial services companies. With more than 70 networks available at the site this is the most interconnected site in Switzerland.
Today, more than 325 companies collocate in Equinix's Switzerland data centers in Zurich and Geneva to connect to business partners and customers across their digital supply chains. Equinix Switzerland is home to many thriving, diverse business ecosystems, connectivity to major Internet carriers and Switzerland's two largest Internet exchanges: Equinix Internet Exchange and Swiss IX.