Metronode is the private Australian company offering services of commercial data centers. Metronode manages network infrastructure of some largest Australian companies, state departments, telecommunication and IT corporations. By December, 2017 the company has 10 DPCs.
Performance Indicators
2017
In 2017 financial year closed on September 30 the 2017th calendar revenue of Metronode made 60 million Australian dollars (about 46 million US dollars).
History
2017: Equinix buys Metronode for $800 million
On September 18, 2017 the American company Equinix, one of the world's largest operators of data centers, announced purchase of Metronode from the pension fund of Teachers of Ontario Teachers Pension Plan. The cost of the transaction is 1.035 billion Australian dollars (about 791.2 million US dollars).
Equinix is going to close the transaction on acquisition of Metronode in the first half of 2018. At first regulators should approve it.
The CEO of Metronode David Yuile will remain in the company until completes the work on merge to Equinix. In 2018 it is going to develop strategy which will show what will be Metronode after accession to Equinix.
As a result of Metronode purchase the Equinix company will become the service provider of commercial data centers, largest in Australia, having outstripped Global Switch, NextDC and Digital Realty. After official merger of Metronode Equinix will have 15 data centers in Australia, 40 — in the Pacific Rim and 200 — around the world.
According to forecasts of analysts of Frost & Sullivan, the volume of the Australian market of data centers in 2021 will exceed $2 billion, and annual average growth rates will be 13%.
As notes the The Australian Financial Review edition, sale of Metronode it was announced several months later after the beginning of an auction within which the Singapore ST Telemedia and the American Stonepeak applied for purchase.
The financial advisor of Equinix according to the transaction selects JPMorgan, and legal — Allen & Overy.[1]
Notes
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