Equinix Acquires GPX India Data Centres For Expansion 


- Advertisement -
  • Platform Equinix consists of more than 210 data centres across 56 metros and 26 countries, providing data centre and interconnected services for over 9,500 of businesses
  • Core digital sectors in India, such as IT and Digital communication services are expected to double in size by 2025 to contribute $355 – $435 billion 

According to a report, global giant and data centre company Equinix has acquired the India operations of GPX Global Systems, Inc. in an all-cash transaction value of $161 million. 

This also includes two data centre campuses in Mumbai. They have more than 200 international brands and local companies which include club service providers, content delivery network providers, all local carriers, 130 internet service providers (ISPs) and four internet exchanges, as mentioned by the company press release. 

As claimed by the company, the acquisition is expected to close in the first quarter of 2021 subject to customary closing conditions including regulatory approval. Platform Equinix consists of more than 210 data centres across 56 metros and 26 countries, providing data centre and interconnected services for over 9,500 of businesses. Presently, it operates 56 IBX data centres in Asia-Pacific across 13 metros in Australia, China, HongKong, Indonesia, Osaka, Seoul, Singapore and Tokyo. 

Attracting significant investments 

- Advertisement -

It has also been revealed that the the deal is an indication of emergence of data centres as an asset and investment class for both investors and service providers. Rachit Mohan, India Head, Data Center, JLL also shared “Data center industry has quickly become a favoured asset class attracting investments across the whole spectrum of private equity investors, infrastructure funds, real estate funds along with strategic players looking for consolidation opportunities.” He also added that India is rising this wave in the forefront, and is expected to attract significant investments in the time to come.

Core digital sectors in India, such as IT and Digital communication services are expected to double in size by 2025 to contribute $355 – $435 billion to the company according to McKinsey.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Infineon Beats Estimates With Stellar Q1 Results

0
The demand for chips by automakers has led to a steady rise in profits for Infineon. German semiconductor manufacturer Infineon Technologies topped estimates of its...

Pandemic Boosted Organic LED (OLED) Tablet Penetration

0
Samsung, making OLEDs since 2014, leads the way Emerging tech and declining manufacturing costs making OLED popular Apple expected to bring OLED iPads...

Netflix To Showcase GM EVs in TV Shows, Movies

0
The partnership between Netflix and General Motors (GM) is aimed at exposing people to EVs in a natural way. Netflix announced it would collaborate with...

Exclusive

Pandemic Boosted Organic LED (OLED) Tablet Penetration

0
Samsung, making OLEDs since 2014, leads the way Emerging tech and declining manufacturing costs making OLED popular Apple expected to bring OLED iPads...

India’ 22: Premium Segment Share Up by 11%; Overall Fall in Smartphone Shipments

0
Smartphone shipments fell 9% YoY in 2022 in India The premium segment brought 35% of total smartphone market revenue in 2022; Apple led...

ONE Raises $300 mn; Set To Launch LFP Cell Factory

0
Our Next Energy (ONE) raised $300 million in Series B equity led by Fifth Wall and Franklin Templeton Michigan-based energy storage technology company, Our Next...

Important Sectors

Infineon Beats Estimates With Stellar Q1 Results

0
The demand for chips by automakers has led to a steady rise in profits for Infineon. German semiconductor manufacturer Infineon Technologies topped estimates of its...

Pandemic Boosted Organic LED (OLED) Tablet Penetration

0
Samsung, making OLEDs since 2014, leads the way Emerging tech and declining manufacturing costs making OLED popular Apple expected to bring OLED iPads...

Netflix To Showcase GM EVs in TV Shows, Movies

0
The partnership between Netflix and General Motors (GM) is aimed at exposing people to EVs in a natural way. Netflix announced it would collaborate with...

India’ 22: Premium Segment Share Up by 11%; Overall Fall in Smartphone Shipments

0
Smartphone shipments fell 9% YoY in 2022 in India The premium segment brought 35% of total smartphone market revenue in 2022; Apple led...

ONE Raises $300 mn; Set To Launch LFP Cell Factory

0
Our Next Energy (ONE) raised $300 million in Series B equity led by Fifth Wall and Franklin Templeton Michigan-based energy storage technology company, Our Next...

Manufacturing

Infineon Beats Estimates With Stellar Q1 Results

0
The demand for chips by automakers has led to a steady rise in profits for Infineon. German semiconductor manufacturer Infineon Technologies topped estimates of its...

Honda, GM Partner To Develop Hydrogen Fuel Cell

0
The global hydrogen fuel cell vehicle market is estimated to generate $43,208.3 million by 2031. Japanese automaker Honda Motor Co announced that it would collaborate...

Adding The Edge In The Embedded Edge Market With SiMa.ai

0
SiMa in Hindi means edge, and that is exactly what this startup has brought to the embedded edge market. By integrating Machine Learning on...

Foxconn Hires Former Nidec CEO As Strategy Chief For EVs

0
Foxconn Technology group's latest hire has decades of experience in the automotive industry with names such as Nissan and Dongfeng Motors in his portfolio. Foxconn...
Bharat

Bharat Electronics Misses Profit Estimates For Q3

0
Bharat Electronics has declared an interim dividend of 60% payable to all the eligible shareholders holding shares as of the record date. Shares of Bharat...