Golden Saint Technologies Limited (LON:GST) has signed a Letter of Intent with Siam Motors to build a tier three data centre facility in Pattaya and/or Chonburi Province in Thailand.
Siam, established in 1952, is Thailand's longest established automotive industry group but also has wide-ranging interests in other sectors.
WATCH: Golden Saint Technologies agrees deal to build data centre in Thailand
A joint venture to run the project will be 48% owned by Siam, 4% by GST's local partner, and 48% by GST.
The parties will then work together to establish an appropriate funding structure for the project.
Tone Goh, Golden Saint’s executive chairman, said: “The establishment of data centres in South East Asia and in other locations globally is a core part of GST's strategy, leveraging our existing strengths in IT infrastructure and mechanical and electrical services.”
Data centres have different power and cooling options to keep going with tier-one the simplest and tier-4 the most complex.