US-based data centre company Equinix has completed the acquisition of India operations of GPX Global Systems by acquiring two of its Mumbai-based data centres in an $161 Mn all-cash transaction. Equinix has also appointed Manoj Paul as its managing director to oversee India operations.
The two data centres will be dubbed Equinix MB1 and MB2. Equinix said that both the data centres form a network-dense data center campus with more than 350 international brands and local companies, including the world’s leading cloud service providers (CSPs), global networks, content delivery network (CDN) providers, all local carriers, 170 internet service providers (ISPs) and five internet exchanges.
Equinix further said that two data centers will add more than 90,000 square feet of colocation space to Platform Equinix when fully built.
“This will enable customers in India to connect in real time, directly and privately, to more than 10,000 companies, including more than 1,800 networks and 3,000 cloud and IT service providers, through Platform Equinix for increased performance, security and scale,” the Nasdaq-listed company added.
Last year in August, Equinix announced the acquisition of GPX Global Systems’s India operations. It had then said that the acquisition is expected to complete in the first quarter of 2021 as subject to regulatory approval.
The said deal only highlights the growing interest in the data centre business in the country.
As per a ReportLinker report, India’s data centre market is expected to receive investments worth $8 Bn by 2026.
As per a JLL report, the Indian data centre industry is expected to grow more than double to 1007 MW (mega watt) by 2023 from its existing capacity of 447 MW. The report highlighted that Mumbai and Chennai are expected to drive 73% of the sector’s total capacity addition during 2021-23. Delhi and Hyderabad are likely to see emergence of data centres in the coming years.