EQUINIX INC acquires Zenium data center business (Istanbul)

EQUINIX INC acquired Zenium data center business (Istanbul) for Approximately $92.0 million (cash payment), a transaction completed in October 2017, structured as all cash.

Zenium data center business (Istanbul) operates in Data centers / colocation - EMEA (Turkey), is based in Istanbul, Turkey. Zenium's data center business in Istanbul, acquired for a cash payment of approximately $92.0 million. The acquired intangible assets were customer relationships with an estimated useful life of 15 years; results reported in the EMEA region.

Equinix acquired Zenium's Istanbul data center business to enter and expand in the Turkish market within EMEA.

Entry into the Istanbul data center market with established customer relationships (15-year intangible life). Equinix EMEA region

On October 6, 2017, the Company acquired Zenium's data center business in Istanbul for a cash payment of approximately $92.0 million.Equinix FY2018 10-K, business combinations disclosure

Advisory firms were not disclosed for this transaction.

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