Vantage Data Centers has announced its expansion into the Asia-Pacific market with two new acquisitions: Agile Data Centers and the data centre portfolio of PCCW Ltd.
Data centre provider Agile Data Centers operates in the region developing greenfield hyperscale campuses totalling 168MW of critical IT load in Tokyo, Osaka and Melbourne.
PCCW Ltd provides around 100MW of critical IT load across Hong Kong and Kuala Lumpur, and will become part of Vantage upon the transaction closing, expected in the fourth quarter of 2021.
The expansion comes after Vantage’s major stakeholder, DigitalBridge Investment Management – alongside other Vantage investors – contributed an additional $1.5 billion in equity capital to enable the acquisitions.
Former President and Co-founder of Agile Data Centers Giles Proctor will take on the mantle of President of Vantage’s APAC business, while Senior Vice President of Data Centers at PCCW DC Brian Groen will join Vantage as Senior Vice President, APAC.
“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,” said Sureel Choksi, President and CEO, Vantage Data Centers.
“The combination of Agile and PCCW’s data centre business does just that, and I’m thrilled to welcome Giles Proctor, Brian Groen and their highly talented teams to Vantage.”
Jon Mauck, Senior Managing Director of DigitalBridge Investment Management, 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.
“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.”