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TeraGo Networks to acquire Data Centers Canada

National broadband services provider TeraGo Inc. has entered into a definitive share purchase agreement to acquire Data Centers Canada Inc.


May 23, 2013  


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National broadband services provider TeraGo Inc. has entered into a definitive share purchase agreement to acquire Data Centers Canada Inc.

The company operates a 4,876 square metre SSAE 16 certified data centre facility in Vaughan, Ont., and provides data centre services including co-location and disaster recovery, to businesses, enterprises, public sector and technology service providers. The deal is expected to close on May 31, subject to satisfaction of customary closing conditions.

The purchase price is expected to be approximately $9.5 million subject to any purchase price adjustments, and will be payable in cash installments.

Data Centers Canada’s operations and management team will continue on with the company to ensure a smooth transition.

“Acquiring Data Centers Canada will support our initiative to offer complementary services,” says Bryan Boyd, president and CEO of TeraGo Networks Inc.