BW Digital Pte. Ltd., an affiliate of BW Group Limited, has announced the formal completion of its acquisition of 100% of the shares of Hawaiki Submarine Cable Limited Partnership and International Connectivity Services Limited (“Hawaiki”). The transaction was subject to applicable regulatory filings and approvals, which have now all been received.
What were the executives’ thoughts on the transaction?
“We are delighted to have received clearance for our investment in Hawaiki, and will redouble efforts on our new cable projects,” said Andreas Sohmen-Pao, chairman of BW Digital.
“These cables represent vital infrastructure for the deployment of tech in industry, research, and the digital economy. And they are enablers for social progress by connecting countries across the oceans, facilitating digital trade just as ships in the past enabled physical trade.”
“Our team is looking forward to realizing this new chapter of the company’s history,” said Rémi Galasso, chief executive officer of BW Digital, and founder of Hawaiki.
“Capitalizing on Hawaiki’s existing assets, our strategy is to build an independent, carrier-neutral, digital infrastructure platform, that will respond to ever-growing market requirements for international connectivity and sustainable data storage,” Galasso further commented.
What is Hawaiki’s industry expertise?
In 2018, Hawaiki completed the Hawaiki Transpacific Cable, a much anticipated 15,000 km subsea fibre optic cable linking Australia, New Zealand, American Samoa, Hawaii and the west coast of the US, which has become a critical infrastructure asset in the region.
BW Digital’s roadmap features a series of complementary developments focused on the APAC, including Hawaiki Nui, the first submarine cable to directly interconnect Singapore, Indonesia, ANZ and the US, as well as Datagrid, Australasia’s first carbon-neutral hyperscale datacentre – located in Invercargill on NZ’s South Island – powered by 100% green energy.
BW Digital also partnered with Chile’s state-owned entity Desarrollo País for the development of the Humboldt cable system which will connect Sydney to Valparaiso (Chile’s second largest city after Santiago), linking the South American market across a Great Southern Route.