| [December 09, 2016] |
 |
Iron Mountain Sells Legacy Recall Asset in the United Kingdom
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 (News - Alert) 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 (News - Alert) 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.
Forward Looking Statements
Certain statements contained in
this communication may constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995 and
other securities laws and be subject to the safe-harbor created by such
Act. Forward-looking statements include, but are not limited to, the
anticipated closing of the sale of the United Kingdom assets referenced
herein. These forward-looking statements are subject to various known
and unknown risks, uncertainties and other factors. When Iron Mountain
uses words such as "believes," "expects," "anticipates," "estimates" or
similar expressions, it is making forward-looking statements. You should
not rely upon forward-looking statements except as statements of Iron
Mountain's present intentions and of Iron Mountain's present
expectations, which may or may not occur. Although Iron Mountain
believes that its forward-looking statements are based on reasonable
assumptions, Iron Mountain's expected results may not be achieved, and
actual results may differ materially from its expectations. Important
factors that could cause actual results to differ from Iron Mountain's
expectations include, among others: Iron Mountain's ability to close the
proposed sale in accordance with its terms. Additional risks and factors
that may affect results are set forth in Iron Mountain's filings with
the Securities and Exchange Commission, including Mountain's filings
with the Securities and Exchange Commission, including under the caption
"Risk Factors" in Iron Mountain's periodic reports,. Any forward-looking
statements contained herein are based on assumptions that Iron Mountain
believes to be reasonable as of the date hereof and Iron Mountain
undertakes no obligation, except as required by law, to update these
statements as a result of new information or future events.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161209005606/en/
[ Back To TMCnet.com's Homepage ]
|
