Februar 28, 2017
REDWOOD CITY, Calif. and ZURICH, Feb. 28, 2017 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that it has entered into an agreement for the purchase of ICT-Center AG, Zurich's data center operating business in Zurich, Switzerland. The facility, which is adjacent to Equinix's existing Zurich International Business Exchange™ (IBX®) data centers – ZH2 and ZH4 – provides Equinix with the ability to expand its ZH4 IBX data center to further enable interconnection in this key European metro.
Equinix will purchase the asset for less than $5 million. The agreement was signed on February 1, 2017, and the acquisition is expected to close sometime in early April 2017.
Highlights / Key Facts
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 41 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. www.equinix.com.
Forward Looking Statements
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results to differ materially from expectations discussed in such forward-looking statements, including statements related to the acquisition of ICT Center's data center operating business in Zurich, Switzerland and the expected benefits from the acquisition. Factors that might cause such differences include, but are not limited to, unanticipated costs or difficulties relating to the integration of companies or assets we have acquired or will acquire into Equinix, including the ICT-Center data center assets; the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
 "Global Competitiveness Report 2016-2017" (PDF). World Economic Forum. http://www3.weforum.org/docs/GCR2016-2017/05FullReport/TheGlobalCompetitivenessReport2016-2017_FINAL.pdf
 "European Innovation Scoreboard – European Commission". Retrieved 2016-12-13. http://ec.europa.eu/growth/industry/innovation/facts-figures/scoreboards_en
SOURCE Equinix, Inc.
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