Data centre operator Equinix has agreed to acquire Ontario Teachers’ Pension Plan’s equity interest in the Metronode group of companies. The all-cash transaction is worth AUD 1.035 billion (USD 792 million). The acquisition is scheduled for completion in the first half of 2018.
Data center provider Metronode operates facilities throughout Australia, housing mission-critical internet and communications infrastructure for Australian large corporations, government agencies, telecommunications and IT service providers. Metronode reported revenues of AUD 60 million in the 12 months ended 30 September.
The acquisition will complement the growth strategy of Equinix in Australia by adding two data centres in Melbourne, three in greater Sydney (including one in Illawarra), two in Perth, and one in each of Canberra, Adelaide and Brisbane. The acquired Metronode sites add approximately 20,000 m2 of gross colocation space to the Equinix footprint.
