Kelvin Emtech Group acquired by Northern Data AG
Kelvin Emtech Group has been acquired by HPC firm Northern Data AG as it looks to increase its geographic market presence.
The deal, concluded for an undisclosed sum, will be carried out by means of a capital increase against contribution in kind through the issue of 83,333 shares, which are subject to a complete lock-up for a period of three years.
Headquartered in Montreal, Canada, Kelvin Emtech Group consists of three companies: Kelvin Emtech Inc, K.E. Technologies, and CEDTECH Construction Inc.
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In addition to the intellectual property it holds in the design, construction, and operation of data centres, Kelvin Emtech Group provides complete electromechanical installations in connection with 24/7 services for Tier I to Tier IV data centres, as well as all critical infrastructures in areas such as IT, telecommunications, or communications engineering.
Northern Data AG said through the acquisition it has “gained one of the most important resources for the construction of new sites and can thus accelerate both simultaneous development and construction of sites in view of the urgent global demand for computing capacity”.
CEO Aroosh Thillainathan (pictured) said: “We have experienced an extreme growth momentum in recent weeks driven by the high demand for computing capacity and in particular for HPC solutions. In the wake of this growth, we are excited to acquire the Canadian KE Group.
“The know-how and intellectual property of the KE Group is not only a valuable addition to our expertise but also enables us to accelerate simultaneous development and the establishment of additional locations. Above all in its home market Canada, we see the acquisition as a basis to build up further locations for our high-performance computing solutions in the medium-term,” he continued.
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