Iron Mountain Sells Legacy Recall Asset in the United Kingdom

12/12/16

BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, has received requisite approval from United Kingdom’s Competition and Markets Authority (CMA) to sell C21 Data Services Ltd (C21), a legacy Recall asset, to Oasis Group. The total consideration was immaterial and in line with original expectations. The transaction closed on December 9, 2016. Oasis Group is a records and information management provider with services in the Netherlands, Republic of Ireland, Northern Ireland, Great Britain, and Belgium.

As disclosed on June 16, 2016, the CMA completed its Phase 2 Review of Iron Mountain’s acquisition of Recall Holdings Limited and cleared the acquisition of all of Recall’s facilities and operations in the UK except for C21, which operates in Aberdeen and Dundee areas of Scotland and must be divested.

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.