HMC Capital's potential acquisition of data centre assets

HMC Capital Limited (ASX:HMC) confirms its ongoing due diligence for the potential acquisition of various data centre assets, including Global Switch Australia. The terms of any potential acquisitions are currently confidential, conditional, and non-binding, aligning with the strategy outlined in HMC's FY24 results presentation announced on 21 August 2024.

Executive Commentary on Potential Acquisition

HMC is under due diligence to potentially acquire various data centre assets, including Global Switch Australia. The discussions with the relevant vendors are ongoing, and the terms of any potential acquisitions remain confidential, conditional, and non-binding. We will disclose any material developments in accordance with our continuous disclosure obligations. There is no assurance any such transaction will be agreed or completed.

Summary of HMC Capital's Potential Acquisition

HMC Capital Limited (ASX:HMC) is actively pursuing the potential acquisition of various data centre assets, including Global Switch Australia, in line with its strategy outlined in the FY24 results presentation. The terms of these potential acquisitions are currently confidential, conditional, and non-binding. HMC will continue to adhere to its continuous disclosure obligations and will provide updates on any material developments. The company's focus on executing large, complex transactions has underpinned its rapid growth in funds under management since listing in October 2019.