Iron Mountain completes acquisition of Recall

Iron Mountain Inc., headquartered in Boston, has announced the completion of its acquisition of Recall Holdings Ltd. as a primarily stock transaction for approximately $2 billion. With the acquisition, Iron Mountain acquires the entirety of Recall’s global operations, including all facilities, vehicles, employees and customer assets, 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 U.K. 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 June 17, 2016.

“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,” says 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,” he continues. “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.”

More information on Iron Mountain’s acquisition of Recall is available at www.ironmountain.com/Iron-Mountain-Recall-Acquisition.aspx.