Iron Mountain Incorporated to Expand EMEA Data Center Footprint with Agreement to Acquire Frankfurt Data Center
July 07, 2021 at 04:30 pm EDT
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Iron Mountain Incorporated announced that they have entered into an agreement to acquire a data center in Frankfurt from Calcium DC Pte. Ltd. The data center is a two-story, 20,000 square meter colocation data center site on freehold land in the Am Martinszehnten Industrial Park, which is in close proximity to the city center and Frankfurt Airport. The EUR 76 million transaction is expected to close within the next 90 days subject to customary closing conditions. The facility currently has 2.6 megawatts of leased capacity and 8 megawatts of capacity available for retail colocation customers with the option to expand in the future to add Edge computing at the premises. The data center has robust network connectivity, including access to DE-CIX, one of the world’s largest internet exchanges. The acquisition expands Iron Mountain’s presence in the Frankfurt market, which includes a 27 megawatt pre-leased facility in Frankfurt (FRA-1), and enables the company to add immediate capacity and to build out a team in a market with strong long-term demand. Frankfurt is a strong global data center market due to its position as one of Europe’s major commercial and financial hubs. Additionally, Frankfurt offers rich connectivity to network fabrics and service providers as well as a strong power supply. In addition to the agreement to acquire the Frankfurt data center, Iron Mountain recently announced further expansion in Europe with a 27 megawatt data center build in London (LON-2), in addition to 9 megawatts of leasable capacity at its LON-1 data center. The Company also announced a recent joint venture with Web Werks, one of the top data center providers in India, adding three Tier 3, carrier-neutral data centers in Mumbai, Pune and Delhi to their global footprint. Additional highlights of the acquired Frankfurt data center include: Uptime Tier III-equivalent specifications; Enterprise & Hyperscale ready with ability to scale; Peering & Network density: carrier-neutral access to networks, leading global peering exchanges (DE-CIX on site) and the ability to connect to public-cloud on-ramps; Operational reliability & excellence; Stringent security standards. Iron Mountain's global data center platform consists of 15 operational facilities across 13 markets and three continents. Including the new Frankfurt data center and the recently closed Web Werks joint venture, Iron Mountain’s data center platform can support nearly 460 megawatts of IT capacity at full build-out, including leasable capacity, land, and buildings held for future development.
Iron Mountain Inc is engaged in a physical ecosystem supporting information storage and retrieval for businesses which rely on paper documents or computer tapes to store their valuable information. The Companyâs segments include Global Records and Information Management (Global RIM) Business and Global Data Center Business. The Global RIM Business segment includes various offerings, including records management, data management, global digital solutions, secure shredding, secure shredding, and consumer storage. The Global Data Center Business segment provides data center facilities and the capacity to protect mission-critical assets and ensure the continued operation of its customersâ information technology (IT) infrastructure with data center options. The Company also offers IT asset disposition customer solutions. It serves industries, such as commercial, legal, financial, healthcare, insurance, life sciences, energy, business services, entertainment and government organizations.