ENTERS FIVE MARKETS THROUGH THIS DEAL
Provider of hyperscale data center campuses Vantage Data Centers, has today announced its expansion into the Asia Pacific market through two acquisitions – Agile Data Centers and the data center portfolio of PCCW Ltd. (PCCW DC), both with facilities spanning over the Asia-Pacific region.
While Agile Data Centers’ hyperscale campuses has about 168MW of critical IT load with presence in Tokyo, Osaka and Melbourne, the second acquisition PCCW Ltd. (PCCW DC) has about 100MW of existing critical IT load across multiple facilities in Hong Kong and Kuala Lumpur.
“Following successful expansions throughout the United States, Canada and Europe over the past three years, we are expanding to Asia Pacific to better serve customers on a global basis. The key to our global expansion has been finding well-aligned partners who bring local expertise, an established footprint, a strong management team and the ability to scale quickly. The combination of Agile and PCCW’s data center business does just that, and I’m thrilled to welcome Giles Proctor, Brian Groen and their highly talented teams to Vantage,” said Sureel Choksi, president and CEO of Vantage Data Centers.
DigitalBridge Investment Management, Vantage’s major stakeholder, earlier announced the acquisition of PCCW DC in a transaction deal worth $750 million that is scheduled to close by the fourth quarter of 2021, subject to customary closing conditions – the portfolio will be handed over to Vantage upon the close of transaction.
“As we continue building a global digital infrastructure platform, we recognized a strategic opportunity to combine the market penetration, expertise and strength of two valuable portfolio companies, Vantage and Agile, with the established foothold of PCCW DC to serve customers in this high growth region. The Vantage team has proven across North America and Europe that it is highly skilled at taking full advantage of both acquisitions and greenfield opportunities to quickly become a leading provider in new markets,” said Jon Mauck, senior managing director of DigitalBridge Investment Management.
As announced, Giles Proctor, former president and co-founder of Agile Data Centers will serve as the president of Vantage’s APAC business, with a team of about 150 employees while Brian Groen, senior vice president of data centers, PCCW DC, will join Vantage as senior vice president, APAC, upon closing of the PCCW DC transaction.