EXPANDING ITS FOOTPRINT ACROSS HONG KONG AND KUALA LUMPUR
Hyperscale data center provider Vantage Data Centers, and its lead investor, Digital Bridge Group, Inc., has just announced the completion of the PCCW DC’s acquisition transaction, gaining 100MW of existing and expansion capacity across multiple facilities in Hong Kong and Kuala Lumpur.
This acquisition is part of Vantage’s plan to expand its portfolio into Asia Pacific. This transaction in which the company acquired PCCW Ltd.’s data center business is paired with another transaction to acquire Agile Data Centers with portfolios in Tokyo, Osaka and Melbourne as announced in September.
To accelerate its APAC expansion, the company secured US$1.5 billion in incremental equity from an investor group led by DigitalBridge Investment Management, with participation from other existing Vantage investors.
“The closing of this second acquisition is a critical piece to our rapid expansion in key Asia-Pacific markets. We now have a total of 23 campuses across five continents led by highly experienced regional teams. I’m excited for Brian and Giles to partner together in their new roles to lead our APAC business as we continue to expand and scale to meet the growing demand of customers globally,” said Sureel Choksi, president and CEO of Vantage Data Centers.
“Asia Pacific is a high growth region with hyperscale, cloud and enterprise companies who need a global digital infrastructure platform like ours on which to expand their businesses. Vantage is now in a position to quickly become a leading provider in these markets and offer a superior product with high reliability, fast speed to market and a commitment to sustainability,” said Jon Mauck, senior managing director of DigitalBridge Investment Management.
As announced in September, Brian Groen, former SVP of PCCW DC will now join Vantage Data Centers as president of Vantage’s APAC business while Giles Proctor, who previously served as president of Vantage’s APAC business is now appointed as the new chief operating officer of Vantage, APAC.