SYDNEY (Reuters) – U.S. data center group Equinix Inc on Monday said it was buying Australian data center company Metronode from the Ontario Teachers’ Pension Plan in an all-cash deal worth A$1.035 billion ($791.15 million).
Metronode operates internet and communications infrastructure facilities throughout Australia for some of the country’s largest corporations, government agencies, telecommunications and IT service providers.
Metronode generated approximately A$60 million of revenue in the 12 months ending Sept. 30, 2017, Equinix said in a statement.
The deal was expected to close in the first half of 2018, subject to some conditions including regulatory approval.
Reporting by Wayne Cole; Editing by Paul Simao