Equinix to buy Australia's Metronode data center group for $791 million

Reuters News
Posted: Dec 17, 2017 5:40 PM

SYDNEY (Reuters) - U.S. data center group Equinix Inc on Monday said it was buying Australian data center company Metronode from the Ontario Teachers' Pension Plan in an all-cash deal worth A$1.035 billion ($791.15 million).

Metronode operates internet and communications infrastructure facilities throughout Australia for some of the country's largest corporations, government agencies, telecommunications and IT service providers.

Metronode generated approximately A$60 million of revenue in the 12 months ending Sept. 30, 2017, Equinix said in a statement.

Stop This Idiocy And Confirm Him
Kurt Schlichter

The deal was expected to close in the first half of 2018, subject to some conditions including regulatory approval.

(Reporting by Wayne Cole; Editing by Paul Simao)