Caisse investing in data centre operator, telecom infrastructure
BY Staff | August 8, 2019
The Caisse de dépôt et placement du Québec, alongside Fengate Asset Management, is investing in eStruxture Data Centers.
The Quebec-based data centre operator currently has five data centres, three in Montreal and two in Vancouver. The co-investment will allow the company to buy a new data centre in Calgary from Shaw Communications Inc. and help it to expand its existing data centres, according to a press release.
“With this reinvestment, CDPQ is continuing to support a rapidly growing Quebec company that operates in a booming industry,” said Charles Emond, the fund’s executive vice-president and head of Quebec investments and global strategic planning. “As companies change and grow, their cloud computing, network, data storage and power supply needs continue to increase exponentially. eStruxture is well positioned to capitalize on the major digital transition currently underway.”
In other investment news, the Caisse is among a group of institutional investors providing funding and strategic support to Telecon Inc.’s acquisition of TRJ Telecom.
TRJ Telecom provides solutions and services for the design, deployment, modernization and maintenance of fibre optic and coaxial telecom networks.