Vantage Data Centers has acquired the data center business of services company Hypertec.
Hypertec’s 49MW campus in Quebec includes 25MW across two existing facilities and 24MW of expansion capacity. The campus, located less than two miles from Vantage’s existing 11MW campus in Montreal, sits on 10 acres and consists of 320,000 sq ft (29,799 sq m) once fully developed.
Vantage will immediately begin construction of a third facility to complete the campus and Hypertec staff working at those data centers will be kept on.
The transaction expands Vantage’s total footprint in the Province of Quebec to 81MW of IT capacity across three campuses.
Third acquisition in a year
“Vantage continues making significant investments in the Province of Quebec, and the Hypertec acquisition further cements our position as a leading hyperscale provider in Canada," said Maxime Guévin, VP and GM for Vantage Canada.
This increased capacity positions us to better serve our local and international customers, and we expect Montreal to benefit from the addition of more high-quality jobs and revenue coming into the region.”
Jonathan Ahdoot, Hypertec’s chief commercial officer, added: “This deal also provides our data center business unit the opportunity to grow and scale more quickly as part of Vantage’s global platform. We are confident that our colocation customers are in good hands with a company known for its remarkable customer service and operational excellence.”
The transaction was funded with equity commitments from Digital Colony and other Vantage investors, as well as acquisition debt financing. The terms of the deal were not disclosed.
Hypertec plans to use the money raised from the sale to increase its investments in R&D, AI, and green technologies as a means to enhance its product and service offerings.
This is Vantage’s third acquisition in 2020, following Etix Everywhere in February and Next Generation Data in July.
This month, Vantage raised $1.25bn in incremental equity capital from existing investors in a funding round led by Digital Colony. The money was to be used for Vantage's expansion projects across North America and Europe and follows a previous investment of $1.3bn by Digital Colony and its investors earlier this year.