Digital Realty completes InterXion acquisition
Digital Realty (NYSE: DLR) says it has completed its acquisition of fellow provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions InterXion. The transaction closed March 12 upon the expiration of the related exchange offer, in which 70,862,736 shares of InterXion, representing approximately 92.3% of total shares outstanding, were tendered.
When the deal was first announced last October, Digital Reality said its offer set Interxion’s enterprise value at $8.4 billion, including assumed net debt (see “Digital Realty to acquire Interxion in colocation/data center services consolidation”). The acquisition increases Digital Reality’s capabilities in Europe and elsewhere (see, for example, "Interxion expanding capacity in seven European cities" and "Interxion expands in Africa with additional investment in Icolo, partnership with Pembani Remgro Infrastructure Fund"). InterXion will continue to operate under the brand “InterXion, a Digital Reality Company,” with headquarters in Amsterdam.
“We are pleased to have closed our combination with InterXion,” said Digital Realty CEO A. William Stein. “This powerful combination builds upon Digital Realty’s established foundation of serving market demand for colocation, scale, and hyperscale requirements in the Americas, EMEA, and Asia Pacific and leverages InterXion’s European colocation and interconnection expertise, enhancing the combined company’s capabilities to enable customers to solve for the full spectrum of data center requirements across a global platform. The combination of our two organizations establishes a global platform that we believe will significantly enhance our ability to create long-term value for customers, shareholders and employees of both companies.”
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Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
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