Curated News
By: NewsRamp Editorial Staff
November 28, 2025
Carrier Connect Acquires PureColo in Major Data Center Expansion
TLDR
- Carrier Connect gains strategic advantage by acquiring PureColo's Ottawa data centers, expanding to 4 locations with strong revenue growth and AI opportunities.
- Carrier Connect acquires PureColo through a definitive share purchase agreement issuing 4.6 million shares plus $2.3 million cash, subject to escrow and closing conditions.
- This acquisition expands data center capacity for AI companies and enterprises, improving connectivity and disaster recovery services for businesses and communities.
- PureColo's Ottawa data centers serve 60 customers with 28% revenue growth, now joining Carrier Connect's international data center portfolio across three regions.
Impact - Why it Matters
This acquisition represents the ongoing consolidation in the data center industry as companies scale to meet growing demand for AI infrastructure and colocation services. For businesses relying on data center services, such consolidation can lead to expanded service offerings, improved geographic redundancy, and potentially more competitive pricing through economies of scale. The specific mention of mid-market AI opportunities highlights how data center providers are positioning themselves to support the explosive growth in artificial intelligence workloads, which require specialized infrastructure. As more companies adopt AI technologies, having robust, scalable data center infrastructure becomes increasingly critical for business operations and innovation. This transaction also demonstrates the continued investment in Canadian technology infrastructure, supporting digital transformation across various industries.
Summary
Carrier Connect Data Solutions Inc. (TSX.V:CCDS OTCQB:CCDSF; WKN:A40XB1), an international data center company focused on acquiring Tier II/III facilities specializing in co-location services, has announced a significant strategic acquisition through a definitive share purchase agreement signed on November 27, 2025. The company is acquiring PureColo Inc., an established provider of carrier-neutral data centers in the Ottawa region that offers colocation and server hosting services for internet connectivity, geographical redundancy, and disaster recovery. This transaction represents a major expansion for Carrier Connect as it continues its mission to consolidate data centers globally, with PureColo bringing approximately 60 customers across two Ottawa facilities on Riverside Drive and March Road.
The acquisition terms involve Carrier Connect issuing 4,606,704 common shares to PureColo securityholders, with these consideration shares subject to escrow conditions releasing in thirds at 4, 8, and 12 months post-closing. Additionally, PureColo securityholders will receive approximately $2,326,000 in cash consideration payable over nine months following closing, subject to adjustment based on PureColo's debt covenants. The transaction completion remains subject to customary closing conditions, including TSX Venture Exchange approval. PureColo's financial performance shows strong metrics with unaudited 2025 revenue forecast at CAD ~$2.35 million, gross profit of ~$1.13 million (48% margin), and operational expenses of $1 million, while maintaining EBITDA positivity and 28% year-over-year revenue growth.
Both company leaders expressed enthusiasm about the strategic fit, with PureColo CEO Rainer Paduch noting smooth integration progress and emerging mid-market AI opportunities that align well with both companies' data center capabilities. Carrier Connect CEO Mark Binns emphasized how this acquisition expands their portfolio to four data centers across three regions, providing additional capacity for existing and prospective customers while supporting ongoing acquisition strategy. The original release can be viewed on NEWMEDIAWIRE, highlighting this significant development in the data center consolidation landscape as companies position themselves to capitalize on growing demand for AI infrastructure and colocation services.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Carrier Connect Acquires PureColo in Major Data Center Expansion
