Transaction will Catapult Vantage into a Leading North American
Wholesale Data Center Provider with Expansion into the Rapidly Growing
Montreal and Quebec City Markets
SANTA CLARA, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/4Degrees?src=hash” target=”_blank”gt;#4Degreeslt;/agt;–Vantage Data Centers, a leading provider of data centers in support of
business and mission-critical applications, today announced it has
signed a definitive agreement to acquire Canadian-based 4Degrees
Colocation from Videotron Ltd., a Quebecor Media Inc. (QMI) subsidiary,
for approximately US$200 million (approximately C$260), 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. 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.
Upon transaction closing, Vantage 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, 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 Canada. 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,” agreed Guévin.
“This deal will marry Vantage’s expertise in the hyperscale business
with our extensive knowledge of the rapidly growing Canadian market.”
The transaction is expected to close in the coming weeks.
About Vantage Data Centers
Vantage Data Centers is a leading North American wholesale data center
provider in three strategic markets: Silicon Valley, Northern Virginia,
and Quincy, Washington. Vantage has seven operational facilities
totaling 81MW of capacity and two additional facilities currently under
development totaling 51MW. The company provides highly scalable,
flexible and efficient data center solutions to hyperscale, cloud and
enterprise customers, offering unique value through its commitment to
exceptional customer service and sustainability.
For more information, visit www.vantagedatacenters.com
Robin BectelSpeakerBox Communications for Vantage Data Centers[email protected]703-287-7827
Mark FreemanVantage Data Centers[email protected]202-680-4243