Iron Mountain Incorporated, a provider of storage and information management services, announced it has entered into an agreement to acquire the U.S. operations of IO Data Centers LLC, a colocation data center services provider based in Phoenix, Arizona, for $1.315 billion.
With the transaction, Iron Mountain will acquire the land and buildings associated with four state-of-the-art data centers in Phoenix and Scottsdale, Arizona; Edison, New Jersey; and Columbus, Ohio. The existing data center space in the four owned facilities totals 728,000 square feet, providing 62 megawatts of capacity, with expansion potential of an additional 77 megawatts in Arizona and New Jersey.