Iron Mountain to Enter Colombian Records Storage and Information Management
Acquisition Will Support Strategy to Expand Leadership in Emerging Markets
BOSTON -- August 28, 2013
Storage and information management company Iron Mountain Incorporated
(NYSE:IRM), has agreed to acquire Secure Data Solutions Colombia S.A.S. and
G4S Document Delivery S.A.S., the Colombian records management and data
protection business of G4S, the leading global security and outsourcing firm.
This acquisition represents Iron Mountain’s entry into the Colombian market.
Total consideration for the acquisition is approximately $54 million. The
transaction is expected to close by the end of September and is subject to
customary closing conditions.
Secure Data Solutions Colombia S.A.S. is the largest records management
provider in Colombia, providing Iron Mountain with a solid platform for
long-term country leadership. The transaction is Iron Mountain’s second in
Latin America this year and offers the potential for future integration
benefits within the company’s existing Latin American business, which includes
operations in Argentina, Brazil, Chile, Mexico and Peru. With the acquisition,
Iron Mountain will assume responsibility for managing Secure Data Solutions’
customer records, including approximately 2.4 million cubic feet of hardcopy
documents and data protection tapes.
“This acquisition aligns with our objective to grow our presence in emerging
markets that have attractive growth characteristics,” said William Meaney,
president and CEO of Iron Mountain. “Colombia is the fourth largest economy in
Latin America with strong GDP growth and an improving business environment.
Our entry into this important market is consistent with our strategy to
capture the initial wave of records outsourcing by acquiring local storage
companies with strong records management platforms and deep customer
“Our Secure Data Solutions business in Colombia is a very successful organic
growth story,” said Grahame Gibson, regional CEO for G4S Americas. “The
business has become the market leader as a result of strong and focused
management combined with sound growth and performance over the past several
“Secure Data Solution’s impressive expansion and solid returns have been
driven by delivering trusted and dependable service to organizations
throughout Colombia,” said Marc Duale, Iron Mountain’s president of
international operations. “We welcome their employees and customers and look
forward to addressing their information storage and service needs.”
Secure Data Solutions operates in multiple leased facilities across Colombia
in the major markets of Bogota, Cali, Medellin and Pereira. The transaction
follows Iron Mountain’s purchase of Archivium in Brazil in the second quarter
of 2013. Year to date, the company has invested approximately $110 million
acquiring records storage companies in both North America and international
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage and
information management solutions. The company’s real estate network of over 64
million square feet across more than 1,000 facilities in 35 countries allows
it to serve customers around the world. And its solutions for records
management, data backup and recovery, document management and secure shredding
help organizations to lower storage costs, comply with regulations, recover
from disaster, and better use their information for business advantage.
Founded in 1951, Iron Mountain stores and protects billions of information
assets, including business documents, backup tapes, electronic files and
medical data. Visitwww.ironmountain.com for more information.
G4S is the world’s leading international security solutions group, which
specialises in outsourced business processes in sectors where security and
safety risks are considered a strategic threat.G4S is the largest employer
quoted on the London Stock Exchange and has a secondary stock exchange listing
in Copenhagen. G4S has operations in more than 125 countries and 620,000
employees. For more information on G4S, visit www.g4s.com.
Investor Relations Contacts:
Melissa Marsden, 617-535-8595
Senior Vice President, Investor Relations
Stephen P. Golden, 617-535-4769
Vice President, Investor Relations
Melissa Mahoney, 617-535-8310
Vice President, Corporate Communications
Press spacebar to pause and continue. Press esc to stop.