IT recycle giant Iron Mountain takes majority share of The iOutlet

US-listed global group Iron Mountain has acquired 75 per cent of refurbished techn retailer The iOutlet, according to a Companies House filing.

The filing records Iron Mountain International (Holdings) Limited as holding at least 75 per cent of The iOutlet Limited’s shares and voting rights, with control effective from October 28.

It also gives the Iron Mountain company the right to appoint or remove a majority of iOutlet’s board. The purchase price and exact size of the stake are not disclosed. The iOUtlet co-founder and director Matt Green below) is no longer a person of significant control.

Iron Mountain is a US-listed global group specialising in secure document storage, data management and data centres. Its asset lifecycle management business handles the collection, secure data erasure, refurbishment and resale or recycling of used IT equipment. The group operates across 61 countries.

Plymouth-based The iOutlet sells refurbished smartphones, tablets and other technology to retail and wholesale customers. The company says it has sold more than one million units and distributes products across 40 countries. It also provides buyback and trade-in services.

The acquisition extends Iron Mountain’s presence in the secondary technology market, alongside its existing operations in IT asset disposal, data sanitisation and equipment reuse.

Iron Mountain acquired IT asset disposal specialist Wisetek in September 2024 for approximately €46.6 million upfront, with up to €4.2 million in additional consideration linked to performance. Wisetek operates facilities in Ireland, the UK, the US and Thailand.

The iOutlet filing does not set out plans for the business, its management or its brand.

No one from iOutlet or Envirofone was available for comment.