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Equinix Acquires Portfolio of Bell Data Centre Sites to Accelerate Digital Transformation for Canadian Businesses
Monday 01 June 2020

California-based interconnection and data centre company Equinix, Inc. (NASDAQ: EQIX) has agreed to purchase a portfolio of 13 Canadian data centres from BCE Inc. to accelerate digital transformation in Canadian businesses and multinationals in eight metros in Canada, the company said.

Equinix has acquired the portfolio for CDN 1,041m (USD750m) in an all-cash transaction.

The 13 data centre sites, which represent 25 Bell data centre facilities, are expected to generate approximately CDN 150m (USD 105m) annualised revenue, which represents a purchase multiple of approximately 15x EV / adjusted EBITDA. The acquisition is expected to close in the second half 2020.

The addition of these strategic assets, their associated operations and the more than 600 customers operating within the data centres will further strengthen Equinix's global platform, which currently includes more than 210 data centres across 55 metros.

It will benefit businesses by: increasing interconnection within Canada and between Canada and the rest of the world, opening seven new metros in six provinces to extend the digital edge of Platform Equinix, and adding key customers in strategic sectors to further increase the value of the ecosystem available at Equinix.

Equinix, Inc. (NASDAQ: EQIX) connects businesses to their customers, employees and partners inside the most-interconnected data centres.

On this global platform for digital business, companies come together across more than 50 markets on five continents to reach everywhere, interconnect everyone and integrate everything they need to create their digital futures.
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Date Published: 01/06/2020

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