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Carrier Connect Data Solutions Announces Letter of Intent to Buy Data Center from Nexion Group
(TheNewswire) VANCOUVER, British Columbia – TheNewswire - April 1, 2...
About this update from Carrier Connect Data Solutions Inc.
[{"type":"text","content":"Carrier Connect Data Solutions Announces Letter of Intent to Buy Data Center from Nexion Group\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n VANCOUVER, British Columbia –\n \n\n TheNewswire -\n \n\n April\n \n\n 1,\n \n\n 2025 – Carrier Connect Data\nSolutions Inc.\n \n\n (TSX.V:CCDS)\n \n\n (the “Company”), an\ninnovative Canadian data center service provider, is pleased to\nannounce that it has signed a non-binding Letter of Intent (“LOI”)\nwith Nexion Group Ltd. (“Nexion”) of Perth, Australia to buy their\nTier\n \n\n II/III\n \n\n data center\n(the “Acquisition”).\n \n\n\n\n Nexion operates a 2 Megawatt Tie\n \n\n r\nII/III da\n \n\n ta center in Perth, Australia servicing\nthe Asia Pacific region. The data center ha\n \n\n s 220\nra\n \n\n cks of space, 2 Megawatts of power, 3 diesel\nbackup generators (gensets), and operates within an ~\n \n\n 8000 square\n \n\n foot facility. The data\ncenter is the sole tenant of the building and property. The as-built\nreplacement value of the racks, generators, cooling systems and\nequipment is estimated to be worth well over CAD\n \n\n $6 million\n \n\n by Carrier’s management\nteam.\n \n\n\n\n LOI Terms\n \n\n\n\n Under the terms of the LOI, Carrier has 45 days to\ncomplete a comprehensive business and technical due diligence of\nNexion’s business. Upon completion of the Acquisition, Carrier will\npay Nexion AUD $2.5 million, including AUD $200,000 upfront, AUD\n$100,000 in 6 months, and AUD $2.2M amortized into monthly payments\nfor a 25 year term at 9% interest, as a vendor take back note.\n \n\n\n\n Management Commentary\n \n\n\n\n “We are excited to announce the LOI with Nexion, as\nwe predict that it will show that our thesis of accumulating non-core\nassets from 3rd party technology companies for mutual benefit has\nsignificant merit in the market. Nexion’s parent company has an\nalternative focus to data center ownership and operation now, whereas\nthe data center is a perfect complement to our Canadian operations.\nWith an Australian footprint, we can offer customers on both\ncontinents primary connectivity, disaster recovery and traditional\ndata center services. Building a new 2 Megawatt data center today\nwould cost between $20M and $25M, and would not be a tested and\nhardened fac...