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

Reuters News
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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.

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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)