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Tuesday, 12 December 2017 15:13

Iron Mountain to Buy IO, a Modular Data Center Pioneer, for $1.31B

Iron Mountain has agreed to buy IO Data Centers, a colocation provider best known for its pre-manufactured data center modules, for $1.315 billion, the publicly traded real estate investment trust announced Monday.

The deal comes at the end of what has already been a record year for acquisitions in the data center service provider space. The year saw industry-shaping transactions like Digital Realty Trust’s $4.95 billion acquisition of DuPont Fabros Technology, the $1.67 billion acquisition of ViaWest by Peak 10, the $2.15 billion acquisition of the CenturyLink data center portfolio by a group of investors to form a new provider called Cyxtera Technologies, and the acquisition of Vantage Data Centers by Digital Bridge Holdings, reportedly for more than $1 billion.

Iron Mountain, the bulk of whose business has traditionally been document management and storage, has been aggressively expanding its data center services business. The IO deal adds four large data center sites to its portfolio and follows its acquisition of the Denver data center provider Fortrust in July and Credit Suisse data centers in London and Singapore – its first two locations outside of the US – in October.

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http://www.datacenterknowledge.com/iron-mountain/iron-mountain-buy-io-modular-data-center-pioneer-131b