HMC Capital Acquires Global Switch Australia for US$ 1,29B

📅 October 25, 2024 - HMC Capital has finalized a deal to acquire Global Switch Australia for AUD $2.12 billion (US$ 1,41B), a move that would allow Global Switch to fully leverage its longstanding financial position in Global Switch Australia while supporting its future data center infrastructure expansion. The transaction, pending regulatory approval, is expected to close by late 2024 or early 2025.

This acquisition positions Global Switch to expand in Europe and Asia-Pacific, where it operates colocation data centers in key markets such as London, Paris, Frankfurt, Singapore, and Hong Kong. Global Switch will use the proceeds to strengthen its balance sheet and invest in new facilities and cooling [...][... Check source for end of article ...]

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