Vantage Data Centers enters APAC with five-market launch
Vantage Data Centers, a leading global provider of hyperscale data center campuses, has today announced its expansion into the Asia-Pacific market through two acquisitions. DigitalBridge Investment Management, the company’s major stakeholder, along with participation from other existing Vantage investors, contributed an additional US$1.5bn in equity capital. Following the closing of both transactions, Vantage will offer data centre services across Tokyo, Osaka, Melbourne, Hong Kong, and Kuala Lumpur to hyperscale, cloud, and large enterprise customers.
Sureel Choksi, president and CEO, Vantage Data Centers, said: “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.”
Vantage’s APAC data centre acquisitions
Vantage’s APAC expansion is anchored by two acquisitions. First, Vantage has acquired Agile Data Centers, a data centre provider in the Asia-Pacific region developing greenfield hyperscale campuses totalling 168MW of critical IT load in Tokyo, Osaka, and Melbourne. Second, the data center portfolio of PCCW Ltd. (PCCW DC), which DigitalBridge previously announced plans to acquire, will become part of Vantage upon the transaction closing. Closing is expected in the fourth quarter of 2021 subject to customary closing conditions. PCCW DC is one of the region’s leading data centre businesses with approximately 100MW of existing and expansion critical IT load across multiple facilities in Hong Kong and Kuala Lumpur.
Giles Proctor, formerly president and co-founder of Agile Data Centers, now serves as president of Vantage’s APAC business, overseeing a team that will include nearly 150 employees upon closing of the PCCW DC transaction. Brian Groen, Senior Vice President of Data Centres, PCCW DC, will join Vantage as senior vice president, APAC, upon closing.
Sureel Choksi said: "I’m thrilled to welcome Giles Proctor, Brian Groen, and their highly talented teams to Vantage.” Commenting on joining Vantage Data Centers, Giles Proctor said: “My team and I are excited to join the global Vantage family to expand the combined company’s presence in Asia Pacific.
“This offers our customers additional key markets in which to do business with trusted partners who bring in-country knowledge and a commitment to building and operating high quality, sustainably designed data centre facilities,” he added.
“As we continue building a global digital infrastructure platform, we recognised 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,” said Jon Mauck, Senior Managing Director of DigitalBridge Investment Management. “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.”
