Antitrust Law Daily Wrap Up, ANTITRUST NEWS: Iron Mountain agrees to U.K. competition authority's divestiture request, (Aug 10, 2016)
Organizations Mentioned:Iron Mountain | Recall
By Edward L. Puzzo, J.D.
Record management company Iron Mountain has agreed to undertake to sell Recall's existing operations in Aberdeen and Dundee, known as C21 Data Services, in order to preserve competition following the merger of Iron Mountain and Recall, the U.K. Competition and Markets Authority has announced.
Iron Mountain and Recall both provide records management services, consisting of the storage and retrieval of paper and hard copy records, and physical offsite data protection services, which involve the storage and retrieval of data and media on tapes/discs.
Iron Mountain has agreed to offer undertakings to sell the entire share capital of C21 Data Services to a buyer to be approved by the CMA. The CMA now invites written comments from interested parties no later than 5 p.m. on August 25 to iron.recall@cma.gsi.gov.uk or by mail to:
Remedies Manager
Iron Mountain/Recall Merger Inquiry
Competition and Markets Authority
Victoria House
Southampton Row
London WC1B 4AD
Companies: Iron Mountain; Recall
News: Antitrust