File Express sold to Iron Mountain

UK-based File Express, a provider of document management services, has been sold to Iron Mountain, a global leader in storage and information management services, headquartered in Boston, USA, and listed on the New York Stock Exchange (NYSE) since 1996. The shareholders of File Express were advised throughout the transaction by Initium.

Founded in 1997, at the time of the transaction, File Express offered a comprehensive document management service. Specific services included confidential storage, scanning, and rapid retrieval of documents on request. The company also offered a shredding service through an associated third-party company. Its clients were predominantly professional (eg, consultancies, solicitors) or financial services and public sector organisations across the South East of England.

Iron Mountain Inc (NYSE: IRM) specialises in the management of physical and digital information and assets. Services include records and information management, digital solutions, warehousing and logistics, asset lifecycle management, data centres, IT asset destruction, and shredding.