EDGECONNEX ACQUIRES DATA CENTRE MANAGEMENT COMPANY GTN

Publishing Date: Feb 18, 2022

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EDGECONNEX ACQUIRES DATA CENTRE MANAGEMENT COMPANY GTN

PRESS RELEASE: Multipolar Technology (MLPT) and Mitsui & Co Ltd has announced the sale of all shares in data centre management firm PT Graha Teknologi Nusantara (GTN), to buyer Edgeconnex Europe BV.

All parties have signed a conditional sale and purchase agreement (CSPA) in relation to 100% of shares in GTN.

MLPT holds 65% GTN shares while Mitsui holds 35%. MLPT engages in consultation, integration and management of information technology system and investment in subsidiaries operating in the information technology sector.

Founded in 2009, EdgeConneX since late 2013 has built over 40 data centres, including Edge Data Centers® and a growing number of regional and hyperscale solutions across North America, Europe, and South America. Today, with headquarters in Northern Virginia, Singapore, and Amsterdam.

Edgeconnex earlier in December 2021 announced its strategic investment in Chiyora, a leading data centre provider in China, entering two main market for data centre (Beijing and Shanghai). This investment was funded by its main shareholder, Actics.

Kelvin Fong, EdgeConnex’s APAC managing director, said beyond Singapore and China, however, other markets are booming for data centre.

Emerging economies like Indonesia, Malaysia, and the Philippines are all experiencing strong growth, and established digital economies like Japan and South Korea are fully underway with making the jump towards cloud-based futures.

In July 2021, Gaw Capital Partners, an Asia-Pacific focused real estate private equity firm, announced the creation of a new joint venture, Data Center First Pte Ltd, with its initial project in Batam, Indonesia, an island which sits 20 miles (32 kilometres) off the coast of Singapore.

As a result of the Government of Singapore’s moratorium on building hyperscale data centres – large enterprises, cloud service providers, and other hyperscale customers have been forced to rely on neighbouring countries such as Malaysia and Indonesia to provide data centre services.

Data Center First develop its initial data centre campus in Batam, with funding from Gaw Capital. Notably, the Indonesian Government is promoting Batam as an alternative to Jakarta (Indonesia’s capital). Batam will act as a hub for data centres and international connectivity (i.e., via subsea cables).

Indonesia is currently the 8th largest data centre market in the Asia-Pacific region and is growing at a swift pace. The country’s data centre market will grow at a 34% compound annual growth rate (CAGR) through 2022, to reach revenues of $370m.

The Indonesian data centre colocation market remains concentrated in the Greater Jakarta region, within West Java. Additionally, Surabaya in East Java offers disaster recovery centres. Internet companies and the opening of cloud regions is driving overall hyperscale data centre demand in Indonesia. Local internet companies are such as Gojek (payments, food delivery, transportation) and Tokopedia (e-commerce).

Indonesia’s data centre market will grow from 134 megawatts of power capacity in 2020 to 363 megawatts of power capacity by 2022. Indeed, this represents a CAGR of 64%.

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