London – 21 July 2008: Iron Mountain Incorporated (NYSE: IRM), the global leader in information protection and storage services, has expanded its European footprint with the acquisition of a minority percentage stake in Swiss records management firm Sispace AG. The signing of the joint venture represents a milestone for Iron Mountain, as the company now has a presence in 20 European countries.
The partial acquisition of the Zug based company includes an option to acquire further stakes over a three-year period. Sispace AG, which will retain its name in the joint venture, is the leading records management company in Switzerland, and has storage centers in Basel, Aesch (Cantone Basle-Land) and Zurich, as well as underground storage facilities in Saanen and Zweisimmen.
Sispace AG will benefit from Iron Mountain’s global leadership and knowledge base in the information protection and storage services industry, whilst Iron Mountain gains Sispace’s local market knowledge and experience. The company has an impressive client list, which includes major banks, financial institutions and pharmaceuticals companies of the Alpine region.
Marc Duale, president of Iron Mountain Europe said: “We are very much looking forward to working with Sispace. In a market where we previously had no presence, I can think of no better partner to enter the Swiss market with.”
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Note to the editor:
About Iron Mountain Europe
Iron Mountain Europe is a subsidiary of Iron Mountain Incorporated (NYSE:IRM), the global leader in information protection and storage services. Iron Mountain Europe services 56 markets within 20 countries across Europe.
For further information, visit: www.ironmountain.co.uk
Iron Mountain helps organisations around the world reduce the costs and risks associated with information protection and storage. The company offers comprehensive records management and data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 100,000 corporate clients throughout North America, Europe, Latin America and the Pacific Rim. The company currently employs more than 20,000 staff worldwide and generated sales of $2.7 billion in 2007.
Waggener Edstrom UK
+44 (0)20 7632 3800
Iron Mountain Europe
Marketing Communications Manager
+44 (0)207 939 1569
PR / Marketing Communications Executive
+44 (0)207 939 1553
This press release was distributed by ResponseSource Press Release Wire on behalf of Iron Mountain Europe in the following categories: Business & Finance, Transport & Logistics, for more information visit https://pressreleasewire.responsesource.com/about.