Just two short months after Equinix announced it will acquire all ten colocation facilities belonging to one of Australia’s top data center operators, Metronode, the global data center leader has now revealed plans to acquire Infomart Dallas.
In an $800 million debt and cash transaction deal, the acquisition will see Equinix grow its recurring revenue from owned assets by more than 45%.
Expected to close mid-year, the acquisition of Infomart’s 1.6 million gross-square-foot landmark facility is a major coup for Equinix, who is also the building’s largest tenant.
The Infomart building generated $50 million in revenue last year and will help secure its ability to further expand in the Dallas market. Specifically, Equinix is eyeing off land adjacent to the Infomart facility to “develop additional capacity (approximately 40MW of power)”.
Dallas was ranked #8 by Cloudscene in its annual Fast 50 Markets to Colocate in 2018. With 122 data centers, 301 service providers and 6 network fabrics, Dallas is a critical enterprise and colocation market worldwide.
“As Dallas becomes an increasingly strategic North American interconnection hub for businesses making the shift to digital, the acquisition of the Infomart will enable existing and new customers to scale their operations with Equinix. This includes a rich portfolio of interconnection options, including on-demand connections to partners and infrastructure in any Equinix location globally through the new capabilities of Equinix Cloud Exchange Fabric,” said Equinix Americas President, Karl Strohmeyer.