Vantage Data Centers, a North American wholesale data center provider, has acquired Canadian-based 4Degrees Colocation from Videotron, a Quebecor Media (QMI) subsidiary, for approximately US$200 million (C$259 million), subject to certain post-closing adjustments.
This transaction will expand Vantage’s coast-to-coast presence in North America to five markets, up from two markets 12 months ago. Vantage Data Centers also has data centers located in strategic markets such as Silicon Valley, Northern Virginia, and Quincy, Washington. The acquisition will add existing data centers in Montreal and Quebec City, which will bring Vantage’s total number of operational facilities to nine and total number of data centers under development to four.
Expansion Plans Montreal, Quebec City
4Degrees Colocation operates two facilities in Montreal and Quebec City. The two data centers are Tier III Design and Construction certified by the Uptime Institute, an independent organization. Upon transaction closing, Vantage Data Centers will immediately initiate significant expansion projects in both markets to accelerate 4Degrees’ original plans to bring total capacity up to 31MW.
“Based on extensive dialog with our customers, Vantage identified Montreal and Quebec City as highly attractive markets due to low power costs, tax incentives and excellent fiber connectivity,” said Sureel Choksi, president and CEO of Vantage Data Centers. “The 4Degrees acquisition will accelerate our expansion into these markets, enabling Vantage to better serve hyperscale, cloud and enterprise customers across five strategic geographies. We are thrilled to welcome the 4Degrees team, which shares our commitment to operational excellence, high-quality facilities and sustainable building practices.”
Maxime Guévin, an experienced leader in the construction, sales and management of data centers, will become vice president and general manager of Vantage Data Centers Canada. Mr. Guévin is currently the general manager of 4Degrees Colocation, where he has served for the last four years.
“The 4Degrees team is incredibly excited to join Vantage in providing superior data center facilities across North America,” said Maxime Guévin. “This deal will marry Vantage’s expertise in the hyperscale business with our extensive knowledge of the rapidly growing Canadian market.”
Read more at Vantage Data Centers Acquires Canadian-Based 4Degrees Colocation For US$200 Million on Website Hosting Review.