Carrier Connect Data Solutions Inc. Completes Acquisition of PureColo Inc.

Core Viewpoint - Carrier Connect Data Solutions Inc. has successfully completed the acquisition of PureColo Inc., enhancing its portfolio of Tier II/III data centers and expanding its operational footprint in Canada [1][3]. Group 1: Acquisition Details - The acquisition involved the issuance of 4,606,704 common shares and a cash payment of approximately $2,326,000 to PureColo's securityholders [2]. - The common shares are subject to escrow conditions, with 1/3 of the shares being released at four, eight, and twelve months post-acquisition [2]. - The cash consideration will be paid over a nine-month period and is subject to adjustments based on PureColo's debt covenants [2]. Group 2: Strategic Implications - The acquisition is expected to significantly increase Carrier's revenue and square footage, leveraging PureColo's industry relationships for further growth [3]. - Carrier aims to integrate PureColo's two data centers in Ottawa with its existing facilities in Vancouver and Perth, enhancing its scale and growth potential [3]. Group 3: Company Overview - Carrier Connect Data Solutions focuses on rolling up Tier II/III data centers internationally, providing co-location and data center solutions to various clients, including AI companies and small businesses [4]. - The company operates as a carrier-neutral organization, ensuring independence in its data center operations [4].