4Degrees to be acquired by Vantage for $259M


The Quebec data center scene continues to see a lot of action. With abundant, renewable and inexpensive power, Montreal has become one of the most attractive data center locations in North America. Vantage Data Centers announced it has signed a definitive agreement to acquire Montreal-based 4Degrees Colocation from Quebecor for roughly $259 million.

This transaction will expand Vantage’s presence into Canada, expanding to five markets, up from two markets a year ago. 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.

4Degrees operates two facilities in Montreal and Quebec City. The two data centers are Tier III Design and Construction certified, which highlights the facilities’ exceptional quality and reliability, by the Uptime Institute, an independent organization.

“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, 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, GM of 4Degrees will become vice president and general manager of Vantage Canada.

“The 4Degrees team is incredibly excited to join Vantage in providing superior data center facilities across North America,” agreed Guévin. “This deal will marry Vantage’s expertise in the hyperscale business with our extensive knowledge of the rapidly growing Canadian market.”

+ There are no comments

Add yours