Bain-backed Singaporean firm acquires data centres from Malaysia’s PNB

Bridge Data Centres
Data centre interior.

Singapore-headquartered Bridge Data Centres (Bridge), a Bain Capital Private Equity portfolio company that provides regional data centre services, has acquired two data centres in Malaysia from Permodalan Nasional Berhad (PNB).

In a statement, Bridge said the two new data centres – MY01 and MY02 – located in Cyberjaya, Malaysia, feature approximately one million square feet of data centre facilities and 20 megawatts of critical IT load.

“The acquisition will support Bridge’s expansion of its Asia Pacific operations, as the company looks to provide reliable, scalable, and low-latency colocation services for the region’s rapidly-growing digital economy,” the company said.

Financial details of the acquisition were not disclosed but Bridge said the two data centres currently serve domestic and global blue-chip customers from a diverse set of industries.

The company, which maintains offices in Mumbai, Kuala Lumpur, and San Francisco, plans to further expand in Cyberjaya and seeks to develop a further 20 megawatts of IT load.

“There has been strong demand for our data centre services in Malaysia, and we will continue to invest in campus-style developments, with energy-efficient buildings, to serve the growing needs of our customers,” said Michael Foust, Executive Chairman of Bridge Data Centres.

Analysts said Southeast Asia’s data centre landscape is poised to expand on the back of new developments, innovation, and rapid growth in the digital economies within the region.

Data cited by Bridge showed that the Asia Pacific could become the most important data centre regional market by 2020.

Aside from expanding in Malaysia, Bridge is also exploring other geographies in order to develop a balanced portfolio across the region.

Bridge is also commencing construction of a new global best-in-class greenfield data centre in Mumbai, India, in June 2018. The centre is expected to be ready for service by the fourth quarter of next year.

Also Read:

Singapore’s GIC-led group targets data centre investments in North America

Indonesia: Alibaba Cloud data centre in Jakarta; Danapac to buy Kresna-backed DTK