Vantage Data Centers, a leading global provider of hyperscale data centre campuses, and its lead investor, Digital Bridge Group, have announced that they have completed the acquisition of PCCW Ltd.’s data centre business (PCCW DC). The acquisition expands Vantage’s data centre platform to include 100MW of existing and expansion capacity across multiple facilities in Hong Kong and Kuala Lumpur.
The data centre provider says that the purchase is part of its strategic expansion into Asia Pacific previously announced in September, which also included the acquisition of Agile Data Centers.
In a change of role, Brian Groen leaves PCCW DC to join Vantage as president of the APAC region. 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 centre services in Hong Kong and Kuala Lumpur, two high-growth markets in the APAC region.
APAC as a “high growth” data centre market
“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$1.5bn 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.”