Combined company creates fourth largest data center operator in Japan.
Equinix, Inc. has announced that it has completed a cash tender offer and has acquired approximately 97% of the equity interests (including stock options) of Bit-isle, Inc. Equinix will begin reporting consolidated financials as of November 2nd, and will acquire the remaining shares of Bit-isle by the end of 2015.
The acquisition of Bit-isle further strengthens Equinix's position in Asia-Pacific — the company's fastest growing region — improving the company's market position in Japan, and helping to meet growing demand for interconnection among Japanese businesses. Equinix gains five data centers in Tokyo and one in Osaka in close proximity to the existing Equinix International Business Exchange (IBX®) data centers in Japan, creating campus-like environments well-suited for customers' future expansion needs. With the acquisition of Bit-isle's six facilities, Platform Equinix™ now includes 111 data centers in 33 markets around the world. "For several years Equinix has been evaluating how to accelerate our leadership in this market. Bit-isle facilities are adjacent to our carrier dense sites in downtown Tokyo, giving us customer-ready capacity as well as the opportunity to scale Platform Equinix in this increasingly constrained, but important global market," Steve Smith, president and CEO, Equinix.