Equinix Builds Asian Presence With $230M Asia Tone Buy

Law360, New York (May 1, 2012, 2:13 PM EDT) -- Global data center service firm Equinix Inc. is expanding its operations in the growing Asia market with a $230.5 million purchase of seven centers from Hong Kong-based Asia Tone Ltd., the buyer announced Tuesday.

Per a definitive agreement between the two companies, Equinix is picking up five completed data centers, one disaster recovery center and another data center currently under construction. The operations, which are spread throughout Hong Kong, Shanghai and Singapore, are expected to give Equinix a big boost in the $2.5 billion Asia-Pacific market,...
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