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Tokyo firm to buy data centre specialist

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Ven Sreenivasan

Ven Sreenivasan

Published Thu, Aug 28, 2014 · 10:00 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

IN an effort to expand its footprint in this region, Japanese telco engineering giant NTT Facilities Inc (NTTF) is buying a controlling stake in Singapore home-grown data centre specialist Pro-Matrix.

No exact figures were released for the deal, but BT understands it is worth between US$20 million and US$30 million. The adviser to the transaction is Development Bank of Japan.

NTTF specialises in telecommunication related buildings including power supplies and mechanical equipment.

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