Equinix has acquired three data centres in the Philippines from technology solutions provider Total Information Management (TIM).
The three carrier-neutral facilities include over 1,000 cabinets of capacity with space for further expansion. Existing customers of TIM will now gain access to Equinix’s global platform of companies, including more than 2,000 networks and 3,000 cloud and IT service providers.
Equinix has said it plans to expand in new markets including Jakarta, Indonesia and Chennai, India later this year, as well as broadening its footprint in Singapore.
The all-cash transaction is expected to close in 2024, subject to closing conditions.
“We are thrilled to announce our expansion into the Philippines, a vibrant and rapidly expanding digital economy that presents immense opportunities for our valued customers and partners,” said Jeremy Deutsch, President, Asia-Pacific at Equinix.
“This strategic acquisition, combined with our recent expansions in Malaysia and Indonesia, as well as the awarded data centre capacity in Singapore, will greatly enhance our footprint in the region. This expanded digital infrastructure will also enable our customers to thrive and embrace digital transformation, harnessing the potential of emerging technologies like private AI. This acquisition perfectly aligns with our vision to extend our leadership in the Asia-Pacific region, while driving the acceleration of the digital economy.”
Jose Mari M. Antunez, Chairman at Total Information Management added, “Equinix’s strong reputation and expertise in the industry make them the ideal partner to take our data center business to new heights. While TIM will continue to remain as a system integrator, helping our customers through their digital transformation strategies, this deal will bring immense benefits to our customers. Equinix’s global platform and extensive network will provide enhanced connectivity, scalability and access to a thriving ecosystem of partners. We are confident that Equinix’s commitment to excellence and customer-centric approach will ensure a seamless transition and deliver unparalleled value to our customers.”
Equinix currently spans 260 data centres across 33 countries. In Asia-Pacific, Equinix currently operates 56 facilities in 14 locations across Australia, China, Hong Kong, India, Japan, Korea, Malaysia and Singapore, including the recently opened data centres in Johor (JH1) and Kuala Lumpur (KL1) in Malaysia.
