Iron mountain/recall merger faces scrutiny in UK.
Position | RIM SERVICES - Brief article |
[ILLUSTRATION OMITTED]
The Competition and Markets Authority (CMA), the UK's primary competition and consumer authority, said it will investigate Iron Mountain's acquisition of Recall.
Because the companies together provide a large majority of records management and physical offsite data protection services available nationally, the CMA said consumers are worried about loss of competition and choice if the merger goes through. The two companies operate from a total of 59 sites across the UK.
According to the CMA, the merger will be subject to an in-depth phase 2 investigation by an independent group of CMA panel members unless Iron Mountain is able to offer evidence that reduces the competition concerns.
Andrea Coscelli, executive director, markets and...
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