Princeton Digital Group (PDG), a data center operator in Asia Pacific, has agreed to sell its enterprise data center business in Indonesia to PT SMPlus Digital Investama (SM+), a digital infrastructure and services investment platform backed by Sinar Mas, one of Indonesia’s largest conglomerates.
The transaction consists of five operational data center facilities located across Greater Jakarta, Bandung, Surabaya and Pekanbaru. PDG acquired the facilities when it entered Indonesia in 2019 and has since invested in and enhanced the portfolio.
“From the outset of PDG’s founding, our strategy has been to enter a market, establish a strong operating presence, then expand for scale,” said Rangu Salgame, chairman, CEO and co-founder of PDG. “In Indonesia, we entered the market through the acquisition of an established data center portfolio, while investing to expand our capabilities and build a hyperscale business. We have since developed a 400-megawatt hyperscale p
