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Stock impact report

Iron Mountain Acquires GRM's China Operations, Significantly Expanding Presence in China

Iron Mountain Incorporated (Delaware)Common Stock REIT (IRM) 
Last iron mountain incorporated (delaware)common stock reit earnings: 2/13 06:00 am Check Earnings Report
Company Research Source: PR Newswire
SHANGHAI, Oct. 8, 2018 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM)®, the global leader in storage and information management services, today announced the acquisition of GRM's Chinese operations, significantly expanding the company's presence and market leading position in the country. The acquisition of GRM China will expand Iron Mountain's presence in Beijing, Shanghai, Guangdong, Qingdao, Dalian, Chengdu and Wuhan (including over 2.5 million cubic feet of storage); 550 customers; and add 170 employees to its Chinese operations."The opportunity to add this level of operational and storage capacity and customer relationships, along with a talented team, represents an important milestone for our Chinese business," said Peter Hwang, managing director, Iron Mountain Asia. "GRM China's history as a pioneer of the records and information management industry, and as one of the first government-licensed providers in the Peoples Republic of China, carries a great deal of significa Show less Read more
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