Data Center News

Read Iron Mountain enters $178 million sale-leaseback deal with Intermediate Capital Group, and would use proceeds to invest in data centers
Iron Mountain enters $178 million sale-leaseback deal with Intermediate Capital Group, and would use proceeds to invest in data centers

Iron Mountain enters $178 million sale-leaseback deal with Intermediate Capital Group, and would use proceeds to invest in data centers

June 26, 2021 Iron Mountain

US Real Estate Investment Company Iron Mountain has announced that it sold five facilities in the greater London area to Intermediate Capital Group (ICG). The sale agreement also included a leaseback deal for the facilities. Iron Mountain will remain in the facilities for an initial 12 year...

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Read Iron Mountain Completes Agreement to Expand footprint to India with JV with Web Werks
Iron Mountain Completes Agreement to Expand footprint to India with JV with Web Werks

Iron Mountain Completes Agreement to Expand footprint to India with JV with Web Werks

April 21, 2021 Iron Mountain

Iron Mountain is expected to invest $150 million over the next two years in a joint venture with Web Werks. Web Works is one of India’s top colocation data center providers. Iron Mountain, which is a storage and information management services company first announced its plan to invest on...

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Read Iron Mountain completes it $1.3 billion acquisition of IO Data Centers
Iron Mountain completes it $1.3 billion acquisition of IO Data Centers

Iron Mountain completes it $1.3 billion acquisition of IO Data Centers

January 10, 2018 Iron Mountain

Iron Mountain Inc. completed its acquisition of the U.S. operations of Phoenix-based IO Data Centers LLC on Wednesday. Iron Mountain (NYSE: IRM), the Boston-based storage and information management services company, bought IO for $1.34 billion. Iron Mountain announced the acquisition Dec. 11. The...

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