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Carrier Connect Data Solutions to Acquire PureColo Inc. for Data Center Expansion
July 17, 2025 — NewsWall — Carrier Connect Data Solutions Inc. (TSX.V:CCDS OTCQB:CCDSF; WKN:A40XB1) has announced its intent to acquire PureColo Inc., a carrier-neutral data center provider in Ottawa, Canada. The acquisition aims to bolster Carrier Connect's portfolio of Tier II/III data centers specializing in co-location services.
The non-binding letter of intent (LOI) outlines the proposed acquisition, where PureColo securityholders would receive common shares of Carrier Connect valued at $4.1 million, along with $4.406 million in cash, less PureColo's outstanding debts and liabilities. The number of shares will be determined based on the volume-weighted average price 20 days before the definitive agreement. Additional shares may be issued to maintain the $4.1 million valuation.
The deal, expected to be structured as a share purchase, is subject to regulatory approvals, including that of the TSX Venture Exchange, and satisfactory due diligence. Consideration Shares will be released in installments over 12 months.
Rainer Paduch, CEO of PureColo, expressed enthusiasm about joining Carrier Connect, while Mark Binns, CEO of Carrier Connect, highlighted PureColo's established team and fast growth as ideal additions to their portfolio.
Mark Binns, CEO
Contact: mark@carrierconnectds.com
Source: Carrier Connect Data Solutions