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.

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.