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Digital Realty Buys Eight Data Centers For $874M

Digital Realty Buys Eight Data Centers For $874M

Digital Realty Trust has agreed to buy eight European data centers from Equinix for $874.4M.

The data centers are in London, Amsterdam and Frankfurt, according to a statement by the S.F.-based data center REIT, which also gave Equinix the option of buying its Paris data center for $215M, Bloomberg reports.

"We have made several recent strategic investments in Europe, and this new portfolio will immediately bring on board a large, diversified customer base,” Digital Realty CEO William Stein said.

Digital Realty Trust is second only to Equinix in the data center REIT landscape, which has been booming as companies move their IT infrastructure from on-site data centers to big data center providers.

This deal comes after Equinix’s recent $3.8B buyout of TelecityGroup—adding 40-plus data centers to its capacity. [Bloomberg]