What were the most consequential corporate acquisitions in Digital Realty's history?
Key deals include Telx (2015, about $1.9 billion), DuPont Fabros Technology (2017, about $7.6 billion including debt), Ascenty (2018, about $1.8 billion), Interxion (2020, about $8.4 billion including debt) and a 55% stake in Teraco (2022, $1.7 billion, valuing Teraco's equity at about $3.5 billion).
How did the 2015 acquisition of Telx transform Digital Realty's business model?
The $1.9 billion acquisition of Telx doubled Digital Realty's colocation and interconnection footprint overnight, adding 14 premier carrier-neutral facilities, over 1,000 customers, and establishing its high-margin enterprise interconnection business.
Why was the 2017 acquisition of DuPont Fabros Technology a turning point in Northern Virginia?
The roughly $7.6 billion all-stock DuPont Fabros deal added large wholesale campuses in Northern Virginia, Chicago and Silicon Valley and deepened ties with hyperscale cloud tenants.
What was the strategic importance of the 2020 acquisition of Interxion for $8.4 billion?
The Interxion deal, valued at about $8.4 billion including debt, added carrier-dense colocation campuses across 11 European countries and made Digital Realty a major European interconnection provider.
How did Digital Realty secure leadership in Latin America through Ascenty in 2018?
Digital Realty bought Brazilian operator Ascenty in 2018 for about $1.8 billion together with Brookfield Infrastructure, which co-owns the platform as a joint-venture partner.
Why did Digital Realty acquire a majority stake in Teraco in 2022?
Digital Realty paid $1.7 billion in cash for 55% of Teraco, valuing its equity at about $3.5 billion, closing August 1, 2022. Teraco runs NAPAfrica, Africa's largest internet exchange.
What joint venture did Digital Realty establish with Blackstone in 2023?
In December 2023, Digital Realty established a landmark $7 billion development joint venture with Blackstone to construct four large hyperscale data center campuses across Frankfurt, Paris, and Northern Virginia, supporting 500MW+ of AI and cloud capacity.
What is Digital Realty's capital recycling and asset disposition strategy?
Digital Realty systematically sells non-core, mature, or single-tenant data center properties at attractive cap rates, redeploying hundreds of millions of dollars in proceeds into high-return hyperscale and AI development campuses.
What is Digital Realty's biggest acquisition?
In 2020, to aggressively expand into Europe and directly attack Equinix's interconnection moat, Digital Realty executed a massive $8.4 billion acquisition of the European data center giant Interxion. They also previously bought DuPont Fabros for $7.6 billion in 2017.