Competition Bureau, Iron Mountain Reach Consent Agreement

    Apr 13, 2016

    Canada’s Competition Bureau on March 31 announced that it had reached a consent agreement with Iron Mountain Inc. to address competition concerns related to records management services as a result of the company’s acquisition of Recall Holdings. The agreement requires Iron Mountain to sell a number of records management facilities and customer contracts in six major Canadian cities in an effort to ensure competition in the supply of records management services and prevent higher prices for businesses.

    “The parties are the two largest suppliers of records management services in Canada,” the Competition Bureau noted in an online statement. “Due to their size and reputation in the industry, the parties have frequently bid against one another resulting in lower storage prices for consumers.”

    Under the terms of the agreement, Iron Mountain is required to sell records management assets, including facilities and customer contracts, in Toronto, Montreal, Ottawa, Calgary, Edmonton, and Vancouver. In conducting its review, the Competition Bureau said it cooperated with the U.S. Department of Justice, the Australian Competition and Consumer Commission, and the U.K.’s Competition and Markets Authority.

     This monthly advisory contains brief summaries of recent legislative and regulatory issues that may affect the management of records and information in Canada.

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