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Home > Cloud Computing > Macquarie to buy AirTrunk

Macquarie to buy AirTrunk


Erdem Yasar Erdem Yasar
January 11, 2020
1 min read
Macquarie to buy AirTrunk

Macquarie Group has agreed to acquire a majority stake in AirTrunk in a deal that values the company at about $3 billion.

Macquarie Infrastructure & Real Assets has signed a deal buy AirTrunk‘s majority stake, which is currently owned by investors including Goldman Sachs Group and TPG Sixth Street Partners. After the transaction, AirTrunk CEO Robin Khuda will keep a minority stake.

New projects

AirTrunk is currently operating data centers in Sydney, Melbourne, and Singapore and has announced its plans to open a facility in Hong Kong in 2020. The company is also currently expanding its Sydney campus for $680m and a 60 MW facility in Singapore for $332m. AirTrunk shares were put up for auction in late 2019. Macquarie representatives declined to comment about the acquisition.

Source: 1

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Tags: AirTrunkMacquarie Data Centres
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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