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Vantage Data Centers completes PCCW DC acquisition in Hong Kong and Kuala Lumpur

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Vantage Data Centres and its lead investor, Digital Bridge Group, have completed the acquisition of PCCW’s data centre business (PCCW DC).

The deal expands Vantage’s data centre platform to include 100MW of existing capacity across multiple facilities in Hong Kong and Kuala Lumpur and forms part of the company’s strategic expansion into Asia-Pacific announced in September of this year, which also included the acquisition of Agile Data Centers.

“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.”

With the transaction now completed, Brian Groen joins Vantage Data Centres as president of APAC from PCCW DC where he served as senior vice president of data centres. Giles Proctor, who previously served as Vantage’s president of 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.”

Vantage Data Centres secured $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 centres throughout the region.”