Here is some data center M&A to kick off the week. Equinix announced this morning that it has acquired the Zenium data center business in Istanbul, Turkey, and renamed it as IS2.
The deal covers three buildings as well as the land they sit on. One of those buildings is already partially built out, adding 1,500 square meters of colo space to Equinix's inventory, while the other two are shells for future expansion. At full build-out, the IS2 data center campus will span some 12,000 square meters and up to 22MW of power.
Istanbul is the infrastructure gateway between Europe and the Middle East, and it's not surprising that they'd see it as a good place to put cash to work. They already have one data center in Istanbul, which came to the company as part of the Meanwhile, Zenium still has its data center businesses in London and Frankfurt.
The deal cost Equinix $93M of that cash, and will bring in $2.5M in annual revenues initially. Wandering back through Zenium's blog, we see that on the customer list is T-Systems.