Global Engine Group Holding Limited Acquires 22.5% Stake in Corpotech Holdings Limited, a Hong Kong Data Centre Operator
Global Engine Group Holding (GLE) has acquired a 22.5% stake in Corpotech Holdings for $2.25 million. The acquisition includes indirect ownership in a 9,627 sq.ft data center in Tsing Yi, Hong Kong, through Corpotech's subsidiary.
The Hong Kong data center market is projected to generate colocation revenue of $732.5 million in 2024, growing to $1.37 billion by 2029 at a CAGR of 13.36%. According to Mordor Intelligence, the market's total capacity is expected to expand from 0.95 thousand MW in 2024 to 1.78 thousand MW by 2029.
The investment aims to capitalize on growing opportunities in cloud computing, e-commerce, IoT, and logistics, particularly driven by increasing connections between Hong Kong and the Greater Bay Area.
Global Engine Group Holding (GLE) ha acquisito una partecipazione del 22,5% in Corpotech Holdings per 2,25 milioni di dollari. L'acquisizione include una proprietà indiretta in un data center di 9.627 mq a Tsing Yi, Hong Kong, attraverso una filiale di Corpotech.
Si prevede che il mercato dei data center di Hong Kong generi entrate da colocation di 732,5 milioni di dollari nel 2024, crescendo fino a 1,37 miliardi di dollari entro il 2029, con un CAGR del 13,36%. Secondo Mordor Intelligence, la capacità totale del mercato è destinata ad espandersi da 0,95 migliaia di MW nel 2024 a 1,78 migliaia di MW entro il 2029.
L'investimento ha l'obiettivo di capitalizzare le crescenti opportunità nel cloud computing, nell'e-commerce, nell'IoT e nella logistica, particolarmente guidato dall'aumento delle connessioni tra Hong Kong e la Greater Bay Area.
Global Engine Group Holding (GLE) ha adquirido una participación del 22,5% en Corpotech Holdings por $2,25 millones. La adquisición incluye la propiedad indirecta de un centro de datos de 9,627 pies cuadrados en Tsing Yi, Hong Kong, a través de una subsidiaria de Corpotech.
Se proyecta que el mercado de centros de datos de Hong Kong genere ingresos de colocation de $732,5 millones en 2024, creciendo hasta $1,37 mil millones para 2029 con una CAGR del 13,36%. Según Mordor Intelligence, se espera que la capacidad total del mercado se expanda de 0,95 mil MW en 2024 a 1,78 mil MW para 2029.
La inversión tiene como objetivo capitalizar las crecientes oportunidades en computación en la nube, comercio electrónico, IoT y logística, especialmente impulsada por el aumento de las conexiones entre Hong Kong y la Greater Bay Area.
글로벌 엔진 그룹 홀딩스 (GLE)가 Corpotech Holdings의 22.5% 지분을 225만 달러에 인수했습니다. 이 인수는 Corpotech의 자회사를 통해 홍콩 청이(Tsing Yi)에 위치한 9,627 평방피트 데이터 센터에 대한 간접 소유권을 포함합니다.
홍콩 데이터 센터 시장은 2024년에 7억 3천2백5십만 달러의 콜로케이션 수익을 발생시킬 것으로 예상되며, 2029년까지 13억 7천만 달러로 성장할 것이며 CAGR은 13.36%입니다. Mordor Intelligence에 따르면, 시장의 총 용량은 2024년 0.95천 MW에서 2029년 1.78천 MW로 확장될 것으로 예상됩니다.
이번 투자는 클라우드 컴퓨팅, 전자상거래, IoT 및 물류 분야에서 증가하는 기회를 활용하려는 목적을 가지고 있으며, 특히 홍콩과 대만 지역 간의 연결 증가로 인해 주도되고 있습니다.
Global Engine Group Holding (GLE) a acquis une participation de 22,5 % dans Corpotech Holdings pour 2,25 millions de dollars. L'acquisition inclut une propriété indirecte d'un centre de données de 9 627 pieds carrés à Tsing Yi, Hong Kong, à travers une filiale de Corpotech.
Le marché des centres de données de Hong Kong devrait générer des revenus de colocation s'élevant à 732,5 millions de dollars en 2024, pour atteindre 1,37 milliard de dollars d'ici 2029, avec un TCAC de 13,36 %. Selon Mordor Intelligence, la capacité totale du marché devrait passer de 0,95 mille MW en 2024 à 1,78 mille MW d'ici 2029.
L'investissement vise à tirer parti des opportunités croissantes dans le cloud computing, le commerce électronique, l'IoT et la logistique, notamment grâce à l'augmentation des connexions entre Hong Kong et la Greater Bay Area.
Global Engine Group Holding (GLE) hat sich eine Beteiligung von 22,5% an Corpotech Holdings für 2,25 Millionen US-Dollar gesichert. Die Übernahme umfasst indirekten Besitz an einem 9.627 Quadratfuß großen Rechenzentrum in Tsing Yi, Hongkong, über eine Tochtergesellschaft von Corpotech.
Der Markt für Rechenzentren in Hongkong wird voraussichtlich im Jahr 2024 Einnahmen aus Colocation von 732,5 Millionen US-Dollar generieren, die bis 2029 auf 1,37 Milliarden US-Dollar anwachsen, mit einer CAGR von 13,36%. Laut Mordor Intelligence wird erwartet, dass die Gesamtkapazität des Marktes von 0,95 Tausend MW im Jahr 2024 auf 1,78 Tausend MW bis 2029 steigt.
Die Investition zielt darauf ab, von den wachsenden Chancen in der Cloud-Computing-, E-Commerce-, IoT- und Logistikbranche zu profitieren, insbesondere bedingt durch die zunehmenden Verbindungen zwischen Hongkong und dem Greater Bay Area.
- Strategic acquisition of 22.5% stake in data center operator for $2.25M
- Entry into Hong Kong data center market with projected 13.36% CAGR
- Market expected to reach $1.37B by 2029 from $732.5M in 2024
- Exposure to growing Greater Bay Area opportunities
- Minority stake position (22.5%) limits operational control
- Significant capital investment required for relatively small facility (9,627 sq.ft)
Insights
The
The projected growth from 0.95 thousand MW to 1.78 thousand MW in total market capacity by 2029 indicates substantial infrastructure expansion opportunities. The Greater Bay Area integration creates a unique value proposition for Hong Kong data centers, serving as digital bridges between mainland China and international markets. The colocation revenue growth forecast of
For context, think of this acquisition as securing a foothold in a digital real estate boom - similar to buying property in Manhattan during the early 1900s. The Tsing Yi location offers strategic advantages with its proximity to major submarine cable landing stations and excellent connectivity infrastructure.
This transaction marks GLE's calculated move to diversify revenue streams and tap into Hong Kong's data center market at an opportune time. The
Key growth catalysts include:
- Rising cloud computing adoption in the Greater Bay Area
- Increasing e-commerce infrastructure demands
- IoT expansion requiring edge computing capabilities
- Cross-border data flow requirements
Hong Kong, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Global Engine Group Holding Limited (the “Company” or “GLE”), a Hong Kong-headquartered integrated solutions provider in information communication technologies (“ICT”), today announced that the Company, through its wholly owned subsidiary Global Engine Holdings Limited, has completed the acquisition of a
Andrew Lee, CEO, Chairman and Director of the Company commented: “The market is anticipated to generate colocation revenue of
“This acquisition not only strengthens our foothold in the rapidly expanding data center market in Hong Kong but also enhances our capacity to deliver comprehensive data managed services to our clients. The growing ties between Hong Kong and mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area are driving significant demand for secure data center services. This presents exceptional growth opportunities for Hong Kong's data center operators, especially in cloud computing, e-commerce, IoT, and logistics. Moreover, the mainland's push for internationalization in the information sector further boosts this demand.”
According to a research report by Mordor Intelligence, the Hong Kong data center market is poised for significant growth, with total market capacity projected to increase from 0.95 thousand MW in 2024 to 1.78 thousand MW by 2029. GLE is excited to be a market player during this transformation.
About Global Engine Group Holding Limited
Global Engine Group Holding Limited is an integrated solutions provider that operates via a wholly-owned subsidiary incorporated in Hong Kong to deliver (i) ICT solution services which include the cloud platform deployment, IT system design and configuration, maintenance, data center colocation and cloud services; (ii) technical services which include the technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, as well as IoT projects; and (iii) project management services which enhances productivity and collaboration management and enables successful implementations and adoption of solutions for customers, to drive business outcomes and innovation for its customers. GLE’s target customer groups include: (i) small to medium-sized telecom operators and ICT service providers seeking expansion in Hong Kong and the South East Asian market; (ii) data center and cloud computing services providers; and (iii) Internet-of-things (“IoT”) solutions providers. For more information, please visit: www.globalengine.com.hk; ir.globalengine.com.hk/.
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These forward-looking statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
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