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Vantage Data Centers, backed by Digital Bridge Group, has successfully acquired PCCW Ltd.’s data center business, enhancing its platform with 100MW of capacity in Hong Kong and Kuala Lumpur. This acquisition marks a strategic move into the Asia-Pacific market, following Vantage’s earlier purchase of Agile Data Centers. With this expansion, Vantage now operates 23 campuses globally. The company has secured $1.5 billion in equity financing to support its growth in the APAC region where demand for digital infrastructure is rapidly increasing.
Positive
Strategic expansion into high-growth Asia-Pacific markets with 100MW capacity.
Secured $1.5 billion in equity financing to accelerate APAC expansion.
Increased global presence with a total of 23 campuses across five continents.
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Milestone follows announcement of Vantage’s entrance to Asia-Pacific region, including acquisition of Agile Data Centers
DENVER--(BUSINESS WIRE)--
Vantage Data Centers, a leading global provider of hyperscale data center campuses, and its lead investor, Digital Bridge Group, Inc., announced today that they have completed the acquisition of PCCW Ltd.’s data center business (PCCW DC). The acquisition expands Vantage’s data center platform to include 100MW of existing and expansion capacity across multiple facilities in Hong Kong and Kuala Lumpur and is part of the company’s strategic expansion into Asia Pacificpreviously announced in September, which also included the acquisition of Agile Data Centers.
Vantage Data Centers’ 48MW data center in Tsuen Wan West, Hong Kong, currently under development. (Photo: Business Wire)
Brian Groen joins Vantage as president, APAC from PCCW DC. Giles Proctor, who previously served as Vantage’s president, APAC is now chief operating officer of Vantage’s Asia-Pacific business.
“The closing of this second acquisition is a critical piece to our rapid expansion in key Asia-Pacific markets,” said Sureel Choksi, president and CEO, Vantage Data Centers. “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.”
This milestone enables Vantage to offer data center services in Hong Kong and Kuala Lumpur, two high-growth markets in the APAC region.
“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,” said Jon Mauck, senior managing director of DigitalBridge Investment Management. “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.”
Today, Vantage has an established and growing footprint in North America, EMEA and Asia Pacific. 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, to accelerate its APAC expansion.
“Hong Kong and Kuala Lumpur are unparalleled connectivity hubs for companies doing business across Asia,” said Groen. “We have a strong sales pipeline with existing facilities and several greenfield developments underway to support our customers’ growing businesses. If you are a hyperscale company, a cloud provider or a large global enterprise, we can serve your needs in leading business centers throughout the region.”
Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.
DigitalBridge Group, Inc. (NYSE: DBRG) is a leading global digital infrastructure REIT. With a heritage of over 25 years of investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells and edge infrastructure, the DigitalBridge team manages a $35 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. DigitalBridge is headquartered in Boca Raton with key offices in Los Angeles, New York, London and Singapore.
