Deals
Iron Mountain to Buy Io Data Centers' U.S. Unit for $1.3 Billion
- Centers in Arizona, New Jersey, Ohio add 62MW of capacity
- Io will receive extra $60 million based on future performance
Photographer: Andrey Rudakov/Bloomberg
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Iron Mountain Inc. agreed to acquire the U.S. operations of Io Data Centers LLC for $1.3 billion, adding to a string of deals this year by the data storage and management real estate investment trust.
Io will receive an additional $60 million based on the future performance of the centers, Iron Mountain said in a statement Monday. Iron Mountain is acquiring land and buildings in New Jersey, Ohio and Arizona that provide 62 megawatts of capacity.