Equinix has expanded into India through the acquisition of the India operations of GPX Global Systems, in a $161 million all-cash transaction.
The acquisition will add two interconnected data centers located in Mumbai to Equinix’ portfolio.
Equinix said the acquisition will enable it to support its existing network, content, cloud and enterprise customers looking to expand in this rapidly growing market. According to McKinsey & Co., core digital sectors in India, such as IT and digital-communication services, are projected to double in size by 2025 to contribute $355 billion to $435 billion to GDP.
The expansion will also help local companies accelerate their digital transformation by deploying their infrastructures through a platform of more than 210 trademarked International Business Exchange data centers.
The acquisition is expected to close in first quarter 2021, and is subject to customary closing conditions, including regulatory approvals.
