Vantage Data Centers Acquire 4Degrees C$259M
Vantage – a leading North American data center has just announced the signing of a definitive agreement to acquire the Canada-based 4Degrees Colocation owned by Videotron Ltd, a Canadian integrated telecommunications company. The documented cost for the acquisition is C$259 million (approximately 200 million USD).
These 4Degrees data centers linked by fiber optic cable, are strategically located close to the main business districts in Montreal and Quebec City. Its intelligent free cooling system and high-energy efficiency is a sound feature that every investor should consider for cost optimization.
Accessed through biometric identification, facial recognition and round-the-clock video surveillance, the datacenters are built to be business or career-neutral, thereby supporting any form of business operations. Both data centers are Tier III Design and Construction certified, which emboldens their exceptional quality and reliability as they can be concurrently maintained. The certification was issued by the American professional services organization, Uptime Institute, known for Tier Standard and the associated certification of data center compliance with the standard.
In terms of portfolio, this acquisition total Vantage’s number of operational facilities to nine and data centers under development to four. Immediately after the close of deal, Vantage plans to initiate significant expansion projects in both markets to accelerate 4Degrees’ original plans to bring total capacity up to 31MW. Vantage made a smart move to have Maxime Guevin, the current general manager of 4Degrees Colocation on its team upon transition, making Guévin the vice president and general manager of Vantage Canada. His leading experience in the construction, sales and management of data centers will certainly be beneficial to Vantage Canada. This project which takes Vantage out of US for the first time will expand their coast-to-coast presence in North America’s market from two – 12 months ago to five.
Looking further at the market, Sureel Choksi, president and CEO, Vantage Data Centers, said in the press release, “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. The 4Degrees acquisition will accelerate our expansion into these markets, enabling Vantage to better serve hyper-scale, 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.”
This deal is expected to close in the coming week, and will marry Vantage’s expertise in the hyper-scale business with 4Degrees extensive knowledge of the rapidly growing Canadian market. Said Guévin.