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

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.