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Slide #58. Rogers Communications — Pivot Data Centres Inc.
Acquirer:
Rogers Communications (NYSE:RCI)
Acquiree:
Pivot Data Centres Inc.
Details:
Sverica International, a private equity investment firm, announced today the sale of its portfolio company Pivot Data Centres Inc. ("Pivot") to Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE:RCI) ("Rogers") for C$155 million. Based in Calgary, Alberta with an additional facility in Edmonton, Alberta, Pivot is a leading data centre solutions provider in Western Canada, specializing in colocation as well as data centre design, maintenance, and relocation.
Rogers Communications is a technology and media company. Co. has three segments: Wireless, which includes wireless telecommunications operations for Canadian consumers and businesses; Cable, which includes cable telecommunications operations, including Internet, television, telephony (phone), and smart home monitoring services for Canadian consumers and businesses, and network connectivity through its fiber network and data center assets to support a range of voice, data, networking, hosting, and cloud-based services; and Media, which is a portfolio of media properties, including sports media and entertainment, television and radio broadcasting, multi-platform shopping, and digital media.
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Strong Buy (3.67 out of 4) 65th percentile
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