October 22, 2009 (FinancialWire) — Equinix, Inc. (NASDAQ: EQIX) has agreed to acquire Switch & Data Facilities company, Inc. (NASDAQ: SDXC), a provider of data center and Internet exchange services, in a in cash and stock deal valued at around $689 million.

According to Equinix, the combination of the two companies will further strengthen its position in the global data center services market by extending the company’s presence to 16 new markets across North America.

Equinix will integrate Switch and Data’s data center business and operations, including the company’s 34 data centers in 22 markets in the U.S. and Canada.

The company said that the acquisition will add more than one million gross square feet of data center capacity, bringing Equinix’s total global footprint to 79 data centers in 34 markets and more than six million square feet across the North American, European and Asia-Pacific markets.

It would also allow Equinix to immediately expand into new markets, including Atlanta, Denver, Miami, Seattle and Toronto, as well as provide a platform for future expansion of Switch and Data assets.

The overall consideration to be paid by Equinix in the acquisition will be 80% Equinix stock, 20% cash.

Foster City, California-based Equinix provides global data center services.

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