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Iron Mountain Expands Presence in India with Acquisition of OEC Records Management.

M2 EQUITYBITES-December 28, 2017-Iron Mountain Expands Presence in India with Acquisition of OEC Records Management

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28 December 2017 - Boston, US-based storage and information management services provider Iron Mountain Inc. (NYSE: IRM), has added 16 facilities in India to its offerings with the acquisition of India-based records management and offsite storage provider OEC Records Management, the company said.

Total consideration was approximately USD 18m.

Iron Mountain said this acquisition gives the company an opportunity to strengthen its presence across the country, expanding its service footprint to new regional customers while enabling it to serve Iron Mountain customers in India.

Iron Mountain Inc. (NYSE: IRM) has a real estate network of more than 85m square feet across more than 1,400 facilities in 53 countries.

The company's solutions portfolio includes records management, data management, cloud services, document management, data centres, art storage and logistics, and secure shredding to help organisations to lower storage costs, comply with regulations, recover from disaster and better use their information.

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Publication:M2 EquityBites (EQB)
Geographic Code:9INDI
Date:Dec 28, 2017
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