Global Switch: PAG Among Companies Now Looking To Acquire Global Switch

The number of companies looking to acquire Global Switch is increasing by the day as PAG has joined the long list of potential suitors. Global Switch is a London-based data center company founded in 1998 with 13 facilities across Asia, Europe, and Australia. Jiangsu Shagang, a Chinese steel company, later took control of the company in 2016. According to Reuters, Shagang has officially started a sale process. Non-biding offers are also expected to be due in the next few weeks.

Global Switch has been mulling over a sale for more than a year. In fact, it was in discussions with potential investors for an $11 billion sale in January 2021. Later in November, KKR, Blackstone, Digital Realty, DigitalBridge, Equinix, and Brookfield Asset Management were among the companies looking to acquire the data center firm.