Iron Mountain continues European expansion

Iron Mountain has announced the further expansion of its European services with the acquisition of the archive services business of IBM Deutschland GmbH subsidiary, DISOS. The acquisition is effective from 1st April 2004 and is subject to the usual closing conditions. The terms of the deal were not disclosed.

This acquisition enhances Iron Mountain's records management services by adding nine records centres in five new markets; Berlin, Stuttgart, Leipzig, Dresden and Erfurt, to Iron Mountain's existing facilities in Germany. DISOS brings significant new relationship opportunities with both public sector and financial services organisations that strengthen Iron Mountain's presence in these sectors.

"This deal is strategic to Iron Mountain's continued European growth," said Ken Radtke, president of Iron Mountain Europe. "DISOS brings an experienced management team and knowledgeable workforce to a strong existing business that will help us to expand our service offerings within this important market. We welcome the customers and employees of DISOS to our growing German business."

www.ironmountain.com

•Date: 30th March 2004 •Region: W.Europe •Type: Article •Topic: BC markets
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