Amsterdam’s EvoSwitch Acquired by Iron Mountain in $235M Deal
Iron Mountain has recently strengthened it’s data center capabilities in Europe by acquiring the Netherlands based company EvoSwitch. This deal is Iron Mountain’s second European add on since acquiring Credit Suisse out of London in the 4th quarter of 2017.
The Boston based Iron Mountain’s purchase of Credit Suisse was the company’s first international data center purchase and not only included Credit Suisse’s London location, but also their Singapore branch. These three international locations are only a fraction of the acquisitions that Iron Mountain has made domestically in the past year. In 2017 alone, Iron Mountain acquired FORTRUST in Denver for $128 million and IO Data Centers for $1.3 Billion with locations in Phoenix, Scottsdale, Edison N.J. and Columbus, Ohio.
After all the domestic purchases in the United States, why did Iron Mountain decide to go international with the digital information side of their business? According to DataCenter Knowledge, this EvoSwitch purchase gives Iron Mountain presence in Metropolitan Region Amsterdam (MRA). This is one of Europe’s most important data center markets and this would also give Iron Mountain a more prominent position across whats referred to as the “FLAP” region of Europe. “FLAP” stands for Frankfurt, London, Amsterdam and Paris and is understandably part of the top European markets.
The acquisition includes two locations within the Amsterdam area. One location is a 150,000 square foot data center with 87,000 square feet of data halls which can be expanded to a total of 430,000 square feet of space. The second location is a 57,000 square foot facility including 41,000 square feet of data hall.
Besides residing in one of top markets in Europe, EvoSwitch has a unique position among other data center operations in that since its inception in 2007, it was intentionally designed to focus on efficient green energy and use renewable power. This made EvoSwitch the first carbon neutral facility in the Netherlands . It’s energy of choice includes hydro, biomass and wind power.
According to Iron Mountain’s senior vice president and general manager, Mark Kidd,”EvoSwitch NL’s focus on security, energy efficiency and its solid track record of continuous uptime is a great fit with our existing data center organization.” Kidd also states,”Our near-term growth will be primarily from development of new space in the attractive global markets where we have a presence.”