Equinix To Buy Itconic - Quick Facts

(RTTNews) - Equinix Inc. (EQIX) announced it has entered into an agreement with The Carlyle Group for the purchase of Itconic, a data center, connectivity and cloud infrastructure solutions provider in Spain and Portugal, and CloudMas, an Itconic subsidiary that is focused on supporting enterprise adoption and use of cloud services. Equinix will purchase the companies in an all-cash transaction totaling approximately $259 million.

Equinix said the acquisition will include five data centers in four metros, with two located in Madrid, one in Barcelona, one in Seville, and one in Lisbon, and adds approximately 322,000 gross square feet to the Equinix International Business Exchange data center portfolio.