Vantage Data Centers is expanding into the Asia-Pacific market through two acquisitions following on the industry’s rapid boom within the region.

The footprint growth is financially backed by DigitalBridge Investment Management, Vantage’s major stakeholder, along with other existing investors.

In total, Vantage has raised US$1.5 billion in equity capital allowing it to acquire assets from Agile Data Centers and PCCW’s Data Center Business (PCCW DC) in Tokyo, Osaka, Melbourne, Hong Kong and Kuala Lumpur.

Agile Data Centers is a data centre provider in the Asia-Pacific region developing greenfield hyperscale campuses totalling 168MW of IT load in Tokyo (80MW), Osaka (40MW) and Melbourne (48MW).

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 has 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, 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.”

Jon Mauck, senior managing director of DigitalBridge Investment Management, said: “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.”