THE JEAN COUTU GROUP ANNOUNCES INVESTMENT IN COLO-D
Longueuil, Québec, November 18, 2015 – The Jean Coutu Group (PJC) Inc. (the "Corporation" or the "Jean Coutu Group") announced today an investment of $15 million in COLO-D inc. ("COLO-D"), a leading neutral colocation center service provider in eastern Canada.
This investment will facilitate the establishment of a second major data center for COLO-D in Quebec. The company will be able to better serve businesses worldwide with a greater presence in the Montreal region, as well as the increased connectivity that is made possible by COLO-D data centers that link up with the largest backbone network infrastructure in Canada, the United States and abroad.
"The Jean Coutu Group is pleased to partner with COLO-D, and participate in the growth of a Quebec company that specializes in data center colocation, which is an industry at the heart of the digital revolution," said Francois J. Coutu, President and Chief Executive Officer of the Jean Coutu Group.
"We are very proud to partner with the Jean Coutu Group. This strategic partnership will enable COLO-D to continue its growth and rapidly establish itself as a leader in the Canadian data center marketplace," said Patrick David, President and Chief Executive Officer of COLO-D.
A portion of the $15 million investment will be used to acquire one of Jean Coutu Group's warehouse facilities in Longueuil, which will house COLO-D’s new data center. Once renovations are complete, this data center will be the most important of its type in Quebec, clearly positioning COLO-D as the dominant operator of carrier-neutral colocation centers in eastern Canada.
About the Jean Coutu Group
The Jean Coutu Group is one of the most trusted names in Canadian pharmacy retailing. The Corporation operates a network of 417 franchised stores located in the provinces of Quebec, New Brunswick and Ontario under the banners of PJC Jean Coutu, PJC Clinique, PJC Santé and PJC Santé Beauté, which employs more than 20,000 people. Furthermore, the Jean Coutu Group owns Pro Doc Ltd ("Pro Doc"), a Quebec-based subsidiary and manufacturer of generic drugs.
COLO-D is the largest neutral colocation service provider in eastern Canada. As the operator of two major data centers in Quebec, COLO-D hosts critical infrastructure for prestigious clients looking for innovative data center solutions. The company has an experienced management team with expertise in the design, operation and administration of data centers. COLO-D offers connectivity services to the world’s largest telecommunications networks, as well as access services to global internet exchange networks via the numerous telecommunication providers that are housed within COLO-D data centers
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Source: The Jean Coutu Group (PJC) Inc. and COLO-D inc.
The Jean Coutu Group
(450) 646-9611, Ext. 1165
President and CEO