Transaction extends Platform Equinix™ into four new markets across Spain and Portugal.
Equinix, Inc. has announced that it has closed the transaction for the purchase of Itconic, a leading data center, connectivity, and cloud infrastructure solutions provider in Spain and Portugal, and Cloudmas, an Itconic subsidiary that is focused on supporting enterprise adoption and use of cloud services. Equinix purchased the companies in an all-cash transaction totaling €215M (approximately US$259M) from The Carlyle Group. The transaction includes five data centers in total in Madrid, Barcelona, Seville and Lisbon, expanding Platform Equinix™ into Iberia.