Iron Mountain Incorporated - proposed acquisition of Recall Holdings Limited

Acquirer(s)

  • Iron Mountain Incorporated

Target(s)

  • Recall Holdings Limited

Summary

Iron Mountain Incorporated proposed to acquire Recall Holdings Limited. Both parties provide services relating to the storage, protection, retrieval and disposal of paper and digital records.

Market definition

Please refer to the Public Competition Assessment.

Competition analysis

Please refer to the Public Competition Assessment.

Statement of issues

Document title Date

Public competition assessment

Timeline

DateEvent
25/08/2015ACCC commenced review under the Merger Process Guidelines.
15/09/2015ACCC requested further information from the merger parties.
15/09/2015Closing date for submissions from interested parties.
30/09/2015ACCC received further information from the merger parties.
05/11/2015ACCC published a Statement of Issues outlining preliminary competition concerns.
13/11/2015ACCC requested further information from the merger parties.
19/11/2015Closing date for submissions relating to Statement of Issues.
24/11/2015Former proposed decision date of 15 December 2015 delayed at the request of the merger parties.
03/12/2015ACCC received further information from the merger parties.
10/03/2016ACCC commenced market consultation on proposed s87B undertaking. ACCC timeline recommenced.
21/03/2016Closing date for submissions relating to the draft proposed divestment undertaking.
31/03/2016ACCC announced it would not oppose the proposed acquisition, subject to the s87B undertaking accepted by the ACCC.