M&A Deal Summary

Iron Mountain Acquires Santa Fe - Records Management Business

On August 2, 2016, Iron Mountain acquired business services company Santa Fe - Records Management Business from EAC Invest for 27M EUR

Acquisition Highlights
  • This is Iron Mountain’s 5th transaction in the Business Services sector.
  • This is Iron Mountain’s 11th largest (disclosed) transaction.
  • This is Iron Mountain’s 1st transaction in Denmark.

M&A Deal Summary

Date 2016-08-02
Target Santa Fe - Records Management Business
Sector Business Services
Buyer(s) Iron Mountain
Sellers(s) EAC Invest
Deal Type Divestiture
Deal Value 27M EUR

Target

Santa Fe - Records Management Business

Copenhagen, Denmark
Santa Fe - Records Management Business comprises 10 regions in both Europe and Asia. Santa Fe’s information management operations in Spain, India, Hong Kong, Macau, Indonesia, the Philippines, Singapore, Malaysia, South Korea and Taiwan. One facility in Indonesia and assume the leases for 20 facilities in the other locations,

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Buyer(S) 1

Buyer

Iron Mountain

Boston, Massachusetts, United States

Category Company
Sector Business Services
Employees26,000
Revenue 5.5B USD (2023)
DESCRIPTION

Iron Mountain is a provider of storage and information management services. The Company provides a variety of solutions for records management, data management, document management, and secure shredding to help organizations lower storage costs, comply with regulations, and recover from disaster. Iron Mountain is based in Boston, Massachusetts.


DEAL STATS #
Overall 21 of 32
Sector (Business Services) 5 of 10
Type (Divestiture) 1 of 3
Country (Denmark) 1 of 1
Year (2016) 4 of 4
Size (of disclosed) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Recall Holdings

Alexandria, Australia

Recall Holdings Ltd. is a provider of information management solutions, offering customers complete management of its physical and digital information assets with one partner. Recall’s innovative solutions empower organizations to make better business decisions throughout the information lifecycle, while keeping regulatory compliance and eliminating unnecessary resources, time and costs.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 ZircoDATA

Bentleigh, Australia

ZircoDATA provides a comprehensive range of records storage, scanning, data capture and document management solutions. ZircoDATA was founded in 1995 and is based in Bentleigh, Australia.

Sell -

Seller(S) 1

SELLER

EAC Invest

Copenhagen, Denmark

Category Company
Founded 1897
Sector Business Services
Employees1
Revenue 2M DKK (2020)
DESCRIPTION

EAC Invest provides a full range of mobility services for multinational companies and other organisations handling around 60,000 international relocations and around 15,000 domestic relocations (predominantly in Australia) per year, based on own operations in 44 countries and a network of agents. Santa Fe’s ambition is to make it easy for companies and people to live and work freely and flexibly around the world. Company serve individual customers relocating without the support of an employer. The service offering covers the entire relocation journey from Immigration Services to obtain work and resident permits through the physical packing- and moving of household goods to a comprehensive range of value-added relocation and destination services to ensure the relocating family settles in best possible in their new home. EAC Invest was founded in 1897 and is based in Copenhagen, Denmark.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Denmark) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Interdean Holdings

United Kingdom

Interdean Holdings Limited is Europe’s leading relocation services company. Interdean offers relocation and move management from at total of 48 offices.

Buy -