Business Standard

Equinix acquires GPX India data centres for $161 mn in an all-cash deal

GPX India has a fiber-connected campus in Mumbai with two datacentres and the deal is expected to close by March 2021 after mandatory approvals

data centre
Premium

Its facilities also host key internet exchanges such as Mumbai IX-DECIX, AMS-IX India, Extreme IX and Bharat IX, the statement said.

Press Trust of India Mumbai
Data centres player Equinix on Tuesday announced the acquisition of GPX Global Systems' India operations for $161 million (around Rs 1,202 crore) in an all-cash deal.

GPX India has a fiber-connected campus in Mumbai with two datacentres and the deal is expected to close by March 2021 after mandatory approvals.

It can be noted that interest in the datacentres space has been going up over the last few years in India, with investments or big commitments being made. Policies like insistence on data localisation is being credited for the high interest.

Equinix will be adding more than 1,350 cabinets through

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in