DXN Limited is an ASX-listed manufacturer and operator of modular data centres in Sydney, Darwin and Tasmania, as a lead investor via a placement with sophisticated institutions.
DC Alliance partnership with DXN Limited
With approval of DXN’s General Meeting as well as approval of the Foreign Investment Review Board, DCA will subscribe for a second tranche of shares at a value of AUS$1.25 million.
In addition to the placement, DXN and DCA are working towards an agreement to establish a strategic alliance to cross sell the Australian data centre assets.
The agreement addresses the two companies working together to market and sell data centre services, collocation racks, and connectivity across data centre locations in Perth and Sydney.
DXN and DCA plan to share sales and market insights to develop a joint customer value proposition for colocation sales and establish a common set of products between DXN and DCA, which will enhance the experience for current and potential clients.
Subject to the binding agreement with DXN, the enlarged data centre network would result in stronger Australia wide edge coverage and firmly establish the duo in the industry.
DXN and DCA would together explore expanding into other geographical markets.
Comments on DC Alliance partnering DXN Limited
Roy Wong, Executive Chairman of DC Alliance said, “I have been tracking DXN ever since DC Alliance started. I have always seen DXN as the most suitable partner for DC Alliance.”
“I am pleased that this vision is now set in motion with our commitment as a strategic shareholder and finalising a binding agreement.”
“I strongly believe it will be a win-win relationship and it is our common goal to grow and achieve greater heights together with our complementary skills, solutions and network.”
Matthew Madden, CEO of DXN Ltd added, “DXN saw the immense potential of what we can do together in Australia and the Asian region after meeting DC Alliance.”
“DC Alliance have an advanced and up to date Tier III data centre in Perth which would perfectly complement our equally advanced Tier III data centre in Sydney.”
“DC Alliance’s presence in Singapore is springboard for expansion to the rest of Asia.”
“We see many mutual benefits in this partnership, and I look forward to finalising a binding agreement and working closely with DC Alliance,” said Matthew Madden.