DigitalRealty completes Telx acquisition

Creating an open, connected global platform for powering business growth.

DigitalRealty Trust has completed the previously announced acquisition of Telx, a premier provider of data centre colocation, interconnection and cloud enablement solutions, from private equity firms ABRY Partners and Berkshire Partners in a transaction valued at $1.886 billion. 
The acquisition approximately doubles Digital Realty’s footprint in the rapidly-growing colocation business, in addition to providing a leading interconnection platform.  It builds on Digital Realty’s technical real estate expertise and expansive global reach, while satisfying customer demands for new products and services. 
“The combination of Digital Realty’s and Telx’s portfolios of data centres and capabilities gives customers the platform they need to grow and compete in a data-driven world.  Our focus on openness, agility, and exceptional service will provide a foundation for new business growth for our customers, and give them the ability to scale on a global basis,” said A. William Stein, Digital Realty’s Chief Executive Officer.  “This transformative acquisition is a significant step forward for our strategy of delivering an unparalleled range of data centre solutions, real estate acumen, and financial strength to create unrivaled choice and value, when and where our customers need it.” 
Digital Realty’s customers worldwide can now access the broadest choice of service providers, levels of redundancy, power configurations, and connectivity options to support their constantly evolving business needs today, and in the unpredictable future.  Organisations of every size – from startups to the Fortune 100 – can now achieve faster, more reliable, and more seamless connections to their customers, partners, and service providers through the combined company. 
The acquisition also creates a unique global data centre platform to support the extensive customer base, network of cloud and networking providers and rich e-commerce, retail, finance, mobile and media ecosystems of the combined company. 
Telx will now operate as Digital Realty’s colocation and connectivity line of business. 
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