LG CNS and Sinarmas Group have established a joint venture in Indonesia to focus on data centers and cloud services, capitalizing on the growing IT services market.

Target Information

LG CNS, a DX (Digital Transformation) specialist, has signed an investment contract with Indonesia's Sinarmas Group to establish a joint venture focused on developing data centers and cloud services in Indonesia. The signing ceremony, which took place on the 27th, was attended by prominent figures from both companies including LG CNS CEO Hyun-sik Hyeon and several executives, as well as Sinarmas Group's Chairman Franky Oesman Widjaja and Senior Advisor Bill Cheng.

The newly formed joint venture will serve local Indonesian enterprises and public clients by providing consulting, construction, and operation services for data centers, as well as facilitating cloud transitions. LG CNS will leverage its expertise and capabilities in data center and cloud operations while Sinarmas will actively seek out and secure business opportunities within Indonesia.

Industry Overview in Indonesia

Established in 1938, Sinarmas is one of Indonesia's largest conglomerates, operating across seven sectors including energy and infrastructure, telecommunications and technology, finance, real estate development, pulp and paper, agriculture and food,