IO Acquired By Iron Mountain For $1.3 Billion
Phoenix, Arizona-based data center operator IO is being acquired by Iron Mountain in a giant, $1.3 billion deal, the two announced today. According to the two, Iron Mountain will pay $1.315 billion, plus up to $60 million in earnout, for the U.S. operations of IO Data Centers. IO is a provider of colocation and data center services. Iron Mountain said the acquisition gives it four data centers, in Phoenix and Scottsdale, Arizona; Edison, New Jersey; and Columbus, Ohio, for a total of 728,000 square feet and 62 megawatts (MW) of power capacity, with an additional potential of another 77 MW in Arizona and New Jersey.
posted on Monday, December 11, 2017
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