The data center market has announced a large merger. Digital Realty Trust buys a competing DuPont Fabros Technology for $ 7.6 billion, the Reuters news agency reported citing a joint statement by the companies.

Under the terms of the agreement, DuPont Fabros shareholders will receive for each of their securities 0,545 shares of Digital Realty. Given the quotations of Digital Realty at the close of the exchange on Thursday, June 8, the purchase price of DuPont Fabros is $ 63.6 per share, which is almost 15% more than the stock before the announcement of the deal. After the announcement of DuPont Fabros securities went up by 13%, shares of Digital Realty rose in price by 5%.

Digital Realty is among the companies with the largest number of data centers in the world (156 pieces).

On their basis, the company offers cloud and other services. DuPont Fabros has 12 data centers located in the US and Canada.

Due to the merger Digital Realty and DuPont Fabros expect to strengthen their position in the data center market, especially in providing customers access to cloud data stores. In addition, companies are hoping to save up to $ 18 million annually on the costs that they now bear separately. Close the deal is planned in the second half of 2017.