Acquisitions aim to improve breadth of information management services
Iron Mountain has completed numerous acquisitions to enhance its existing operations as well as expand into emerging markets. The organization completed acquisitions of assets of five separate companies in 2021 alone for a total cost of $226.7 million. Specifically, Iron Mountain acquired records management and data center operations in the Middle East, North Africa and Germany with its purchases of Information Fort LLC and assets from Calcium DC Pte. Ltd. Other recent purchases include data center operations and storage and records management companies seeking to enhance the company’s position in locations such as Morocco, Russia, Ukraine, Kazakhstan, Belarus, Armenia, Colombia, Hong Kong, Germany and the United States.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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