The acquisition will allow Equinix to immediately expand into the European market, and it will enable Equinix to provide customers with a single-source global solution for their data center and network connectivity services. Despite the differences of the European market and the existence of multiple network-neutral players in the market, this acquisition offers Equinix a variety of benefits as the company builds upon its market leadership in the U.S. and Asia-Pacific.
According to Tier 1 Research, global demand has outpaced supply by a factor of nearly three to one over the last 12 months. The European supply and demand imbalance is more than double the global rate with demand outpacing supply by a factor of more than six to one.
The strategic acquisition of IXEurope by Equinix will solidify Equinixs position as the worlds market leading colocation provider with high-quality data centers across the United States, Asia-Pacific and Europe, said Steve Smith, CEO of Equinix. Customers are increasingly demanding global solutions as the colocation industry continues to grow at double digit rates, and IXEurope has become one of the top providers of colocation services in Europe, operating high-quality data centers in key markets. Its integration into Equinix will continue our growth and allow us to meet the increasing expansion requirements of our global content, network and enterprise customers. We look forward to welcoming the customers and employees of IXEurope into Equinix.