US data specialist Equinix has acquired the Zenium data centre in Istanbul in a deal worth $93mn, part of its ongoing expansion.
The Zenium data centre that will now be renamed Equinix IS2 is seen as a vital data link between Europe and Asia, currently generating $2.5mn in annual revenue.
Istanbul is a key traffic route for submarine cables between Europe, Asia and Africa and Equinix is keen to take advantage.
IS2 will provide Equinix with key capacity and a defined growth path, which enables the company to address growing demand for colocation and interconnection services across Turkey.
“The dynamic evolution of digital technology is disrupting how business is done across all industries, forcing companies to invent new, information-centric business models,” said Eric Schwartz, president, EMEA, Equinix.
“These business models rely on interconnection and distributed IT architecture.
“As the Turkish economy continues to grow, Istanbul will become an increasingly important hub for connectivity and technology infrastructure, and this new campus will help Equinix meet this demand from customers across our global customer base.”
The acquisition will become the company’s second facility in Istanbul after IS1, making it the company’s 68th international Business Exchange data centre across Europe and the Middle East.
The company is renowned as an industry leader, with 180 IBX data centres across 44 markets.