Edgeconnex Europe B.V completed the acquisition PT Graha Teknologi Nusantara from Mitsui & Co., Ltd. and PT Multipolar Technology Tbk.
April 28, 2022
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Edgeconnex Europe B.V. signed an conditional sale and purchase agreement to acquire 100% interest in PT Graha Teknologi Nusantara from Mitsui & Co., Ltd. and PT Multipolar Technology Tbk for $37.61 million on February 14, 2022. Sales of PT Graha Teknologi Nusantara's shares of the PT Multipolar Technology to Edgeconnex Europe B.V and EdgeConneX Asia HoldCo I (Singapore) B.V., totaling 281,535,000 shares, representing 65% of all issued and fully paid shares in PT Graha Teknologi Nusantara, which (i) 281,525,000 shares will be purchased by Edgeconnex Europe, and (ii) 10,000 shares will be purchased by EdgeConneX Asia, which resulted in a change of control over PT Graha Teknologi Nusantara from the PT Multipolar Technology to Edgeconnex Europe. Sales of PT Graha Teknologi Nusantara's shares of the Mitsui & Co., Ltd to Edgeconnex Europe B.V, representing 35% of all issued and fully paid shares in PT Graha Teknologi Nusantara will be transferred to Edgeconnex Europe. Evans Alun, Osman Sugianto and Jokelson Tom of Allen & Overy LLP acted as legal advisor to EdgeConneX, Inc. Ernst & Young LLP acted as financial advisor & due diligence advisor to Edgeconnex, Inc.
Edgeconnex Europe B.V completed the acquisition PT Graha Teknologi Nusantara from Mitsui & Co., Ltd. and PT Multipolar Technology Tbk on April 28, 2022.
PT Multipolar Technology Tbk is an Indonesia-based company, which is engaged in consultation, integration and information technology management. The Companyâs solutions include Strategy & Planning, Customer Experience Platforms & Services, Digital Insights, Business Solution, Hybrid Integration, Hybrid Infrastructure and Security Services. Its business solutions include Core Banking, Corporate Internet Banking, Retail Banking, Transaction Testing Tool, Branch Delivery, Spool Management Solution, ATM Monitoring, Automatic Teller Machine (ATM) & Cash Deposit Machine (CDM), ATM Switching Solution, Cash Recycler Module, Kiosk/Self Service and others. Its subsidiaries include PT Visionet Data Internasional, PT Multi Solusi Andal, PT Digital Daya Teknologi, PT Teknologi Pamadya Analitika and PT Digital Data Venture. PT Visionet Data Internasional is engaged in services and general trading.