Equinix has announced that it has closed a transaction for the purchase of Switch Datacenters’ AMS1 data centre business in Amsterdam, Netherlands, in an all-cash transaction for €30 million ($34 million). The facility, which will be renamed Equinix AM11 International Business Exchange (IBX) data centre, is in close proximity to Equinix’s existing campus in southeast Amsterdam and will help meet growing demand for digital infrastructure connectivity in the Amsterdam and broader European markets, as businesses continue to build out their digital edge strategies. The agreement was signed on April 16, 2019, and the acquisition was completed on April 18, 2019.
AM11 will become the 11th Equinix IBX data centre in the Netherlands and the ninth Equinix IBX located in Amsterdam. The data centre is a leased asset and adds approximately 250 cabinets of sold capacity and a total capacity for approximately 700 additional cabinets once the facility is completely built out. The site can also support the potential to expand into an adjacent building to accommodate future growth and approximately 1,300 additional cabinets.
AM11 currently has a customer mix that maps closely to Equinix’s existing base including networks, cloud service providers and content and digital media companies.
Eugene Bergen, President, EMEA, Equinix, commented: “Amsterdam is a key interconnection point for Europe, with leading enterprises and cloud service providers making it a primary hub for IT infrastructure. Adding interconnection capacity in this market enables local and international customers to leverage Platform Equinix to meet their changing business needs.”