Northern Data AG announces acquisition of Canadian data center specialist Kelvin Emtech Group
Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87), one of the world's largest providers of high-performance computing (HPC) solutions, acquires the Kelvin Emtech Group (KE Group), headquartered in Montreal (Quebec, Canada) with offices in Toronto. The KE Group is a specialist with over 25 years of expertise and comprehensive know-how as well as extensive intellectual property in the design, construction, and operation of innovative data centers together with long established relationships with key counterparts. This additive experience and know-how is expected to significantly accelerate Northern Data’s existing strategy of expansion in Canada and across North America, thus enabling the Company to accelerate its growth considerably.
Founded in 1994, the KE Group provides services for blue-chip customers such as Canada's largest telecommunications group Bell Canada (NYSE: BCE), the IT service provider CGI Inc. (NYSE: GIB), and the International Business Machines Corporation (NYSE: IBM). The KE Group will in the future focus on HPC expansion projects for Northern Data in North America. The team of more than 30 employees is headed by the Group President and CEO Denis Pelletier, who has around 30 years of experience as an engineer and manager and was responsible for the realization of projects with a volume of USD 1.4 billion at Alstom/GE Hydro, among others.
In the course of the recent sharp increase in demand for computing capacity, partly as a result of the COVID-19 pandemic, the know-how and experience of the KE Group are crucial for Northern Data to simultaneously develop new locations. With the acquisition of the KE Group, Northern Data 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.
Northern-Data-CEO Aroosh Thillainathan comments on the acquisition: "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.”
Denis Pelletier, President, and CEO of KE Group adds: "We are very pleased to be part of Northern Data Group and to bring our experience and expertise in building and operating HPC data centers in the future. With its newest location in Texas, Northern Data is realizing an impressive project. It is a particular pleasure for us to now actively work side by side with the Northern Data team at other locations in North America.”
The acquisition of the entire KE Group 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.
About Northern Data:
Northern Data AG builds and offers global infrastructure solutions in the field of High-Performance Computing (HPC), offering solutions in the fields of machine learning and artificial intelligence, big data analytics, blockchain applications, game streaming and others. Operating internationally the Company evolved from the merger of German Northern Bitcoin AG and American Whinstone US, Inc. and is now a recognized leader in the provision of HPC solutions worldwide. The Company offers HPC solutions, both stationary in large state-of-the-art data centers as well as in high-tech mobile data centers, which can be located at any location worldwide. In doing so, it combines self-developed software and hardware with intelligent concepts for sustainable energy supply. In Texas, Whinstone is currently building the largest HPC data center in the USA and, at the same time, the world's largest dedicated HPC facility.
About the Kelvin Emtech Group:
The KE Group consists of the three Canadian companies Kelvin Emtech Inc, K.E. Technologie, and CEDTECH Construction Inc. With more than 30 employees, KE Group, headquartered in Quebec, Canada, is one of the leading data center design companies in Canada and has more than 25 years of experience in developing electromechanical infrastructures the sites of its for its customers. The KE Group specializes in complete electromechanical installations in connection with 24/7 services for data centers of type TIER I to TIER IV as well as all critical infrastructures in areas such as IT, telecommunications, or communications engineering. The activities include testing, requirement analyses, planning as well as construction and operation of the installations.
This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Data AG and does not constitute a prospectus of Northern Data AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and investment matters, please consult qualified professional advice.
Northern Data AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
Phone: +49 69 348 752 8
Telefon: +49 89 89 82 72 27
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Newmont Publishes 2019 Sustainability Report1.6.2020 15:00:00 CEST | Press release
Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or The Company) today announced the publication of its 2019 Sustainability Report, Beyond the Mine, a transparent and comprehensive disclosure of the Company’s environmental, social and governance (ESG) performance. “Our sustainability report provides investors and other stakeholders a transparent and detailed look at look at our safety, environmental and social performance,” said Tom Palmer, President and Chief Executive Officer. “In 2019, we completed two transformative transactions whilst enhancing our ESG performance to align with our position as the world’s leading gold company.” Newmont’s 2019 sustainability highlights include: Achieving no workplace fatalities and conducting a global safety culture review, which identified several opportunities to enhance Newmont’s Fatality Risk Management program and improve the way fatality risks are managed Further strengthening management of tailings, whilst enhancing transparency through a
New Western Union research provides insight into the future of international education1.6.2020 15:00:00 CEST | Press release
The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, today shares a new report on “The Future of International Education,” in partnership with The Future Laboratory. The white paper highlights five new student profiles that will evolve from the shifting attitudes and behaviors of today’s youth. From Hybrid Thinkers to Greener Graduates, this new report predicts how academic institutions should adapt to meet these expectations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200601005162/en/ Meet the students of the future: new student profiles uncovered in “The Future of International Education” (Graphic: Business Wire) The findings come as universities and colleges worldwide are evolving to navigate COVID-19, from moving online, to delaying term dates. Institutions can use the report to ensure the new policies they introduce align with the needs and priorities of interna
Vivet’s Second Gene Therapy Product, VTX-803 for PFIC3, Receives US and European Orphan Drug Designation1.6.2020 13:00:00 CEST | Press release
Vivet Therapeutics announced today that both the Food and Drug Administration (FDA) and the European Commission (EC) have granted Orphan Drug Designation (ODD) for Vivet’s second gene therapy product, VTX-803, for the treatment of Progressive Familial Intrahepatic Cholestasis type 3 (PFIC3). PFIC3 is a rare life-threatening and chronically debilitating condition due to progressive severe liver dysfunction, accompanied by jaundice, portal hypertension, hepatosplenomegaly and failure to thrive. The symptoms of the disease usually appear first in childhood with progressive cholestasis, evolving to hepatic failure, cirrhosis and need for liver transplantation. “We are very pleased to receive these designations which further validate Vivet’s efforts to treat rare inherited metabolic disorders. The FDA and EC have both recognized the unmet need for a safe and effective treatment of PFIC3 and the potential of VTX-803 to address such need. The field of Progressive Familial Intrahepatic Cholest
FDA Issues Emergency Use Authorization for Impella RP as Therapy for COVID-19 Patients with Right Heart Failure1.6.2020 13:00:00 CEST | Press release
The United States Food and Drug Administration (FDA) has issued an emergency use authorization (EUA) for Impella RP to include patients suffering from COVID-19 related right heart failure or decompensation, including pulmonary embolism (PE). Abiomed (NASDAQ: ABMD) manufactures Impella RP. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200601005257/en/ Impella RP is now FDA indicated for COVID-19 related complications, including pulmonary embolism. (Photo: Business Wire) Impella RP is a temporary heart pump that provides circulatory support for patients who develop right side ventricular failure. Five years of pre- and post-market clinical studies support Impella RP’s safety and efficacy. In 2017, Impella RP received FDA approval as safe and effective for treating right ventricular failure in the setting of acute myocardial infarction and after cardiac surgery. Biventricular cardiac support can be provided when Impella RP is
Zynga Enters Into Agreement to Acquire Istanbul-based Peak, Creator of Top Charting Mobile Franchises Toon Blast and Toy Blast1.6.2020 13:00:00 CEST | Press release
Zynga Inc. (Nasdaq: ZNGA), a global leader in interactive entertainment, today announced it has entered into a definitive agreement to acquire Peak, one of the most globally successful mobile gaming companies, for $1.8 billion. Peak brings a 100-person strong team and two Forever Franchises, Toon Blast and Toy Blast, that have consistently ranked in the top 10 and top 20 U.S. iPhone grossing games for over two years, respectively. These franchises add significant scale to Zynga’s live services and will be an additional driver of margin expansion over the coming years. Peak also enhances Zynga’s new game pipeline with additional projects in early development. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200601005142/en/ Zynga Enters Into Agreement to Acquire Istanbul-based Peak, Creator of Top Charting Mobile Franchises Toon Blast and Toy Blast (Graphic: Business Wire) Founded in 2010 by Sidar Sahin, Peak has developed the
bitFlyer Europe and Quazard Partner to Bring First Ever Trading Competition to Botwars Ultimate Trading1.6.2020 06:00:00 CEST | Press release
Leading cryptocurrency exchange bitFlyer, is partnering with crypto-trading game developer Quazard, to bring the first ever gamified trading competition to the Botwars Ultimate Trading universe. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200531005005/en/ bitFlyer and Quazard bring the first gamified trading competition to the Botwars Ultimate Trading universe (Graphic: Business Wire) The competition, which launches today, allows Botwars players to compete in a free to enter crypto-trading simulator to win real Bitcoin. This is the first trading competition to launch on Botwars, and the only live trading competition of its type. In Botwars Ultimate Trading, players need to build an army of trading robots (each representing a trade) and lead them into battle to conquer the cryptocurrency markets. Botwars is a real-time, gamified currency trading experience where you will learn new trading skills, unlock powerful new tradin
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom