Vantage Makes 2 Deals, Expands to Asia-Pacific

September 10th, 2021 by · Leave a Comment

Vantage Data Centers is taking on some new territory via two acquisitions. They have announced deals for both Agile Data Centers and the data center portfolio of PCCW. Vantage's current owners, led by DigitalBridge, are contributing the financial power for the transactions, putting another $1.5B of equity capital into Vantage.

Agile Data Centers is in the process of building facilities totaling 168MW of critical load in the Japanese cities of Tokyo and Osaka as well as in Melbourne, Australia. As part of the deal, Vantage gains some 150 new employees in the APAC region. Agile's president and co-founder Giles Proctor will take over as president of Vantage's APAC business.

Meanwhile PCCW DC operates another 100MW or so in Hong Kong and Kuala Lumpur. Digital Bridge had already announced a deal for PCCW DC, so this part is more of an internal rearrangement that puts the acquired assets under the Vantage umbrella.  PCCW DC's SVP of data centers Brian Groen will move over to Vantage in an SVP role as well.

When the deals are both closed, they will give Vantage an instant regional presence across APAC, with three locations open and two under development. Vantage operates eight facilities in North America and six in Europe today.

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Categories: Datacenter · Mergers and Acquisitions

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