In a deal I managed to miss earlier this week, Vantage Data Centers has made a move on the Canadian colo market. They have signed a definitive agreement with Videotron to acquire 4Degrees for $200M.
4Degrees operates two data centers in the two main cities of Quebec. In Quebec City they currently have some 33,000 square feet of colo space built out while in Montreal they have 30,000 square feet, with both facilities having 16MW of utility power available.
Videotron bought the first in March of 2015 for $36M or so, and then spent $40M six months later to build out the latter. The fact that they are now selling the two for $200M reflects just how hot the region's data center market has gotten in just three years.
For Vantage, the deal will give the company its first foothold in Canada and puts its total footprint at 5 markets with 9 operational facilities and 4 more under development. They plan to accelerate 4Degrees' existing plans to fully utilize the space and power available. 4Degrees' general manager Maxime Guévin will stay on as VP and general manager of Vantage Canada.