Vantage Data Centers completes $200m acquisition of 4Degrees Colocation
Vantage Data Centers has completed its $200 million purchase of 4Degrees Colocation from Videotron Ltd, a subsidiary of Quebecor Media.
The purchase of 4Degrees expands Vantage’s presence in North America to six markets, adding campuses in Montreal and Quebec City to its existing sites in Santa Clara, Northern Virginia, Phoenix and Quincy, Washington. By adding the 4Degrees data centres to its portfolio Vantages total number facilities increases to nine, with five under development.
“Canada is an extremely attractive market for hyperscale, cloud and enterprise customers,” said Sureel Choksi, president and CEO, Vantage Data Centers. “Our acquisition of 4Degrees drastically decreases our time to market and increases our ability to provide the premier service and space that our clients’ desire.”
Vantage has said that it will begin expansion projects in both markets to speed up 4Degrees Coloctaions plans to increase total capacity to 31MW. In addition, the company plans of hiring additional staff in both Canada markets to support its expansion plans.
“The 4Degrees team has been in lockstep with Vantage throughout the closing process,” said Maxime Guévin, vice president and general manager of Vantage Canada, the former general manager of 4Degrees Colocation. “Our cohesive team is prioritising the creation and management of superior data centre facilities across North America to support some of the world’s top brands.”
The news of Vantage’s plan to acquire 4Degrees Colocation was made back in December. At the time, Choksi said, “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.”