Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, reports that the United Kingdom’s Competition and Markets Authority (CMA) completed its Phase 2 Review of Iron Mountain’s acquisition of Recall Holdings Limited. The CMA has cleared the acquisition of all of Recall’s facilities and operations in the UK except for C21 Data Services Ltd (C21), which operates in Aberdeen and Dundee areas of Scotland and must be divested. The purchaser of C21 is subject to approval by the CMA and the C21 business will be operated pursuant to Iron Mountain’s “hold separate” commitments until the divestiture is complete. C21 generated approximately $5.0 million in revenue for the year ended December 31, 2015. Aside from the CMA’s eventual approval of the purchaser of C21, this decision marks the completion of the final review in the UK required in connection with the Recall acquisition.

Further details regarding the CMA’s final review and approval can be found by clicking HERE.

Iron Mountain completed its acquisition of Recall, primarily as a stock transaction for approximately US$2 billion, on May 2, 2016. Iron Mountain acquired the entirety of Recall’s global operations, including all facilities, vehicles, employees and customer assets and excluding operations to be divested in accordance with regulatory agreements in the United States, Canada and the UK. Iron Mountain will divest its Australian business other than its data management business throughout Australia and its records and information management and data management businesses in the Northern Territory.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage and information management services. Trusted by more than 220,000 organizations around the world, Iron Mountain boasts a real estate network of more than 80 million square feet across more than 1,350 facilities in 45 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain’s solutions portfolio includes records management, data management, document management, data centers, art storage and logistics, and secure shredding help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts. Visit www.ironmountain.com for more information.