Data centre operator iseek is ready to be acquired by asset supervisor HMC Capital for $400 million.
iseek knowledge centre, Brisbane
I-Drone
iseek has a portfolio of seven co-location knowledge centres positioned throughout Queensland, South Australia and NSW.
Its acquisition comes simply two weeks after HMC introduced plans to buy fellow co-location facility operator Global Switch Australia for $1.9 billion.
iseek presently has over 500 prospects utilizing its 6MW of put in IT capability and has plans to extend its capability to 34MW in complete.
The acquisitions will finally be owned by an actual property funding belief (REIT), named DigiCo Infrastructure, that can listing on the ASX.
In complete, DigiCo can have 13 tier 1 and a couple of hyperscale and colocation knowledge centres throughout Australia and North America.
In a joint statement, iseek CEO Scott Hicks and founder, govt director Jason Gomersall mentioned the deal would “accelerate iseek’s next phase of growth”.
“A significant portion of the acquisition proceeds will be taken in scrip in the DigiCo Infrastructure REIT IPO which is a testament to our strong conviction in the REIT’s investment strategy and growth runway,” they mentioned.
