Equinix Completes $230 Million Acquisition of Hong Kong Data Center Provider

Global data center provider Equinix (NASDAQ:EQIX) has just announced the completion of its acquisition of Hong Kong’s Asia Tone for $230.5 million.

Asia Tone is a prominent data center provider in the Asia Pacific region, with reportedly a third of its customers also being existing Equinix customers. The Hong Kong company has a notice to customers regarding the acquisition and also explaining the renaming of its data centers.

The acquisition agreement was announced back in early May, with Equinox’s CEO and president, Steve Smith, noting at the time that the move would be a big help in expanding into China, helping to serve its multi-national customers who want to grow in that market. Smith added in today’s announcement:

With the acquisition of Asia Tone, Equinix is in a strong position to establish market leadership in Asia-Pacific. […] As our fastest growing region and one in high demand by customers, we see a tremendous opportunity to continue our track record of growth in Asia-Pacific.

Our readers may recall that earlier this month Equinix announced it would be investing $28.5 million into its second Singapore International Business Exchange (IBX) data center, in order to accommodate demand from cloud and finance service providers. The company also has IBXs in places like Hong Kong, Sydney, and Tokyo.