Equinix completed its previously announced acquisition of 13 data centers in Canada from Bell. The all-cash deal was valued at CA$1.041 billion and includes more than 600 customers, of which more than 500 are new to Equinix, and approximately 1.2 million gross square feet of data center space. Equinix and Bell have entered into an strategic partnership to integrated networking and hybrid multicloud services that combine Bell’s telecommunication services and technology expertise with Equinix’s global platform of interconnected data center and business ecosystems.
Equinix now operates 15 data centers in Canada. Equinix also announced that Andrew Eppich, a six-year veteran of Equinix originally from Toronto, has been appointed Managing Director, Canada.
Finally, Equinix and Bell have begun a strategic partnership that delivers industry-leading joint offers in Canada and globally. This partnership will enable enterprises in Canada to leverage integrated networking and hybrid multicloud services, combining Bell’s telecommunication services and technology expertise with Equinix’s global platform of interconnected data center and business ecosystems.
Equinix to acquire 13 data centers from Bell Canada
Equinix agreed to acquire a portfolio of 13 data centers across Canada from BCE Inc. ("Bell") for US$750 million (CA$1,041 million) in cash.
The 13 data center sites, which represent 25 Bell data center facilities, are expected to generate approximately US$105 million annualized revenue, which represents a purchase multiple of approximately 15x EV / adjusted EBITDA. The deal includes approximately 1.2 million gross square feet of data center space and 400,000 square feet of colocation space.
The deal will expand Equinix's coverage in Canada coast to coast, making it a market leader in data center and interconnection services. In addition to adding new capacity in Toronto, Ontario, where Equinix currently operates two International Business Exchange data centers, it will extend Equinix's interconnection services to seven new metros. These metros include Calgary, Alberta; Kamloops and Vancouver, British Columbia; Millidgeville, New Brunswick; Montreal, Quebec; Ottawa, Ontario; and Winnipeg, Manitoba.
