Iron Mountain to pay €51m for Cork's Wisetek

The deal is one of the largest acquisitions of an Irish firm this year by value
Iron Mountain to pay €51m for Cork's Wisetek

Wisetek, founded by Sean Sheehan in 2007 specialises in IT asset disposal, destruction, and refurbishment. File picture: Ger McCarthy

Boston technology firm Iron Mountain will pay more than €50m to acquire Cork IT firm Wisetek.

In a quarterly filing to the US Securities and Exchange Commission (SEC), the information management firm said it acquired 100% of Wisetek Solutions Ltd in order to expand its asset lifecycle management business. 

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