Equinix, Inc. (EQIX) said it has entered into an agreement to acquire ancotel GmbH.
The valuation paid is in-line with Equinix's current 2012 adjusted EBITDA trading multiple based on projections for the business. The ancotel business will not affect Equinix's global objective to be adjusted free cash flow positive in 2013.
The acquisition of ancotel will provide new opportunities for customers, creating a leading, network-dense colocation and connectivity campus in Frankfurt, one of the world's busiest data hubs.
The acquisition of ancotel is expected to close in the third quarter of 2012.
With the acquisition of ancotel, Equinix gains one data center in Frankfurt with 2,100 square meters of data center capacity and increases its European network density by adding more than 400 network customers, which includes 200 new networks and 6,000 cross connects.
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