One of the world’s largest investment firms, Blackstone is now on the precipice of purchasing the data center operator in Australia for about A$20 billion ($13.53 billion) including liabilities. This deal will be one of the largest digital infrastructures to happen in this year thus proving the significance of data centers in today’s economy.
Strategic Acquisition of AirTrunk
AirTrunk is another strategic acquisition that Blackstone needed to incorporate into its business empire. With the popularity and relevance of data centers growing year after year, these facilities are essential to the world of today and the foreseeable future from cloud services to machine learning and data processing. Through the acquisition of AirTrunk, Blackstone will be in a sweet spot to consolidate its position in the digital infrastructure industry given the growing hunger for data storage and processing services.
Blackstone has come out on top and is set to acquire AirTrunk after beating other competitor offers. The acquisition is expected to be completed very shortly, with discussions regarding the specifics of the debt component of the deal ongoing at present. Blackstone has reportedly sounded out banks on funding it through the incorporation of debt to finance the bid.
The acquisition is made at a time when the data center market is growing at a fast rate. The services offered through Internet connectivity, cloud usage, and the Internet of Things have escalated the generation and consumption of data. This has made data centers a valuable asset and has attracted recognition by private equity firms & infrastructure investors.
Digital Infrastructure Space of Blackstone
Blackstone has been quite aggressive in its efforts to grow its presence in the digital infrastructure sector. The firm opened its first affiliated platform concerning the segment in Asia in the previous year and has been engaged in numerous strategic activities within the context of the industry. The proposed deal to acquire AirTrunk is in line with Blackstone’s approach of targeting up-and-coming industries and leveraging technology disruption in those sectors.
AirTrunk’s Growth and Implication
AirTrunk has achieved significant expansion ever since it was established. The company can sign significant contracts with key customers such as some of the top technology companies around the globe and grow its operations across various countries within the Asia-Pacific region. AirTrunk has manifold expansion potential as a hyperscale data center provider, specifically because the demand for massive-scale storage solutions continues to increase.
Blackstone’s purchase of AirTrunk has recently begun to signal some profound shifts in the developments in the data center fields. It could force other investment firms and technological firms in the sector to seek greater leverage in the market. Moreover, the deal highlights the growing focus on digital infrastructure as a vital part of the developing economy.
Conclusion
The A$20 billion proposed deal of Blackstone to acquire AirTrunk is near to finalization and could be viewed as a landmark in the digital infrastructure segment. Since data centers play a crucial role in the operation of the world economy, their investments will likely rise in the coming years. For Blackstone, the acquisition of AirTrunk is a win-win as it expands on its digital infrastructure portfolio and enables it to capture the future growth prospects of data processing and storage services.
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