ESR (01821.HK) announced that as part of the 2021 acquisition of ARA Asset Management, it has signed an agreement to acquire the remaining 13.6% stake in LOGOS held by its founders through cash consideration and issuance of new shares, accelerating the realization of ESR's fully integrated platform advantage ahead of the original target of January 2025.

As demand for datacenters shifts from the US to Asia, ESR's datacenter business, which has merged with LOGOS, will benefit from the vigorous development of AI, driving ESR's future growth. The company recently completed the acquisition of all LOGOS founder Stephen Hawkins' equity on June 20, 2024.

The company explained that after the integration acquisition of LOGOS founder, LOGOS will become ESR's indirect wholly-owned subsidiary, which will enable the Group to fully integrate ESR and LOGOS' business in the Asia-Pacific region, and is expected to bring multiple operational and economic benefits, including but not limited to increasing market share in the main market, broader capital and tenant relationships, market certainty as a unified business of ESR, and streamlined operations and synergies.