Acquisition strengthens global footprint, opens up new markets and
enhances service delivery
BOSTON--(BUSINESS WIRE)--
Iron
Mountain Incorporated (NYSE: IRM), the global leader in storage and
information management services, today announced the completion of its
acquisition of Recall Holdings Limited as a primarily stock transaction
for approximately $2 billion (US). With the acquisition, Iron Mountain
acquires the entirety of Recall’s global operations, including all
facilities, vehicles, employees and customer assets and excluding
operations to be divested in accordance with regulatory agreements in
the United States, Canada and Australia; the acquisition of the Recall
business in the UK remains subject to regulatory review. Additionally,
Iron Mountain appointed Recall directors Neil Chatfield and Wendy
Murdock to its Board of Directors, who are included among director
nominees standing for election at the company’s upcoming Annual Meeting
of Stockholders on June 17, 2016.
Increasing regulations, ongoing security threats, and the need to turn
data into business value has elevated both the complexity and priority
of managing information and assets. From business records to data to
valuable items like art, the stakes have never been higher for
organizations of all sizes to ensure their most critical assets are
protected while able to be accessed immediately. They require a partner
located where they are with the right combination of trust and security
to protect what matters most, while also providing expertise and product
and services designed to get the most out of those assets. And they need
to be sure that as their business matures and changes, their partner can
scale with them – supporting their growth across geographies and into
new industries.
“Today marks an important milestone for Iron Mountain, and we welcome
our new colleagues from Recall as well as their customers and
shareholders into our company,” said William L. Meaney, president and
CEO of Iron Mountain. “This acquisition significantly boosts our vision
to serve as the trusted guardians of our customers’ most important
assets, as it expands both our services and footprint for better
assisting them with their storage and information management needs. That
trust is a cornerstone of our business, whether it’s securing the
strategic value of information and assets or continuing to develop
innovative products and services that give customers improved access,
control and value from those assets. We’re now strongly positioned to
deliver on our strategic and financial goals, drawing on the combined
capabilities and expertise of both companies to ensure a superior
customer experience across the globe.”
For more on Iron Mountain’s acquisition of Recall, please visit www.ironmountain.com/Iron-Mountain-Recall-Acquisition.aspx.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM)
is the global leader for storage and information management services.
Trusted by more than 220,000 organizations around the world, Iron
Mountain boasts a real estate network of more than 80 million square
feet across more than 1,350 facilities in 45 countries dedicated to
protecting and preserving what matters most for its customers. Iron
Mountain’s solutions portfolio includes records
management, data
management, document
management, data
centers, art
storage and logistics, and secure
shredding help organizations to lower storage costs, comply with
regulations, recover from disaster, and better use their information.
Founded in 1951, Iron Mountain stores and protects billions of
information assets, including critical business documents, electronic
information, medical data and cultural and historical artifacts. Visit www.ironmountain.com
for more information.
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Source: Iron Mountain