August 28, 2014
NTT FACILITIES acquires majority stake in Singapore's Pro-Matrix Pte Ltd
NTT FACILITIES INC. (President and CEO: Kiyoshi Tsutsui, NTTF), a Japanese company specializing in mission-critical telecommunication buildings with vast experience in power supplies and mechanical equipment, has reached an agreement to acquire a majority stake in Singapore's Pro-Matrix Pte Ltd. Upon closing, Pro-Matrix will become a member of the NTTF group of companies. The transaction is expected to be completed in October, 2014.
The global race to compete for enterprise spending on hosted services and data center capacity is fiercely heating up, and the Singapore market is no different. Given Singapore's status as a regional IT hub, many large international telecommunication carriers have recently constructed purpose-built datacenter facilities here, and the city-state is widely considered to be one of the key data center growth markets in the Asia Pacific region. Singapore's data center market holds much promise, driven by the growing trend of outsourcing, mobility (cloud computing), big data, high density computing, as well the increasing need for business continuity, for example, in times of natural disasters. Regulatory requirements surrounding business continuity are also helping to drive this trend.
Pro-Matrix is a home-grown data center facility engineering specialist based in Singapore. Within the country's data center facility engineering industry, Pro-Matrix is one of the highest-regarded players, providing end-to-end services from pre-sales, to implementation, to after-sales: total turnkey solutions, design and consultancy, procurement, installation, facilities management, and 24/7 on-site support.
The new tie between Pro-Matrix and NTTF is expected to bring synergies that is mutual; while NTTF aims to expand its presence in Southeast Asia and consolidate its business foundation, Pro-Matrix can enhance its business scope by introducing NTTF's expertise on data center facility design and maintenance that accumulated over a long time in Japanese market. With the combination of Pro-Matrix's already highly acclaimed datacenter engineering ability, both Pro-Matrix and NTTF, together with its Singapore branch, are now able to provide completely integrated data center facility engineering service in rapidly growing Singapore market.
This latest acquisition is part of NTTF's plan to accelerate its expansion into the global market to provide integrated and comprehensive facility services, from consulting and designing, through to construction and maintenance, by accumulating business bases that offer a full line of engineering capabilities. As part of further plans that NTTF envisages for its global expansion, it intends to leverage its knowledge and experience in architectural and electrical engineering to provide renewable energy solutions such as solar power system in near future.
Company Profile of Pro-Matrix
|Company Name:||Pro-Matrix Pte. Ltd.|
|Managing Director:||Desmond TEO|
|Address:||Blk 26 Sin Ming Lane Midview City Singapore|
|Revenue:||30.5 Million SGD (Financial Year 2013)|
Address any inquiries on this matter to:
Attn: Public Relations Office, General Affairs and Personnel Division, NTT FACILITIES, INC.; tel. +81-3-5444-5112