New acquisition supports Canadian company’s rapid growth strategy
Just one year ago, eStruxture formally joined the Canadian data center market with funding from Canderel and La Caisse de dépôt et placement du Québec (CDPQ). Now, the company has just acquired a direct competitor – Kolotek – from Quebec utility provider Gaz Metro Plus. The move will allow existing customers of both companies to access multiple physical locations in the greater Montreal region, improving multi-site and disaster recovery options. As well, eStruxture now has close to 900 customers from over 30 countries globally.
“We are excited by the opportunity to give all our customers more – more locations, more network connections and more choice. Our strategy is to expand across Canada while building capacity and a greater depth of products, all in the service of giving customers more. And with our enhanced balance sheet courtesy of our new invested capital and debt facility, our position is stronger than ever.” – Todd Coleman, President & CEO of eStruxture.
Because of this acquisition, eStruxture now has three data center facility sites – Kolotek on the South Shore; eStruxture’s flagship downtown data center and carrier hub; and eStruxture’s recently-announced 30MW data center at the site of the former Montreal Gazette printing facility. All three sites will be connected with high-speed network access, providing seamless integration of customer infrastructure across all facilities.
From a potential-customer perspective, eStruxture’s acquisition is a bold move. After all, Kolotek was the first Tier III Certified Data Center in the Greater Montreal area. The company boasts a high level of reliability, robust infrastructure and customer service.
“We are very proud of the data center business we have built since 2009 and recognized some time ago that our customers would require more capacity, more locations and more network connections to continue to grow their businesses. We believe this transaction is the right move both for our customers, and for the continued growth of the data center business built by our Kolotek team.” – Yvan Lefebvre, General Manager of Kolotek
This deal solidifies eStruxture’s growing leadership position in the Montreal market. Recently, the company secured $180 million in committed capital from Fengate Real Asset Investments to support its organic and inorganic growth plans. To learn more about eStruxture, visit the company’s website at www.estruxture.com.