RTTNews | Jul 9, 2021 10:28AM EDT

10:27 Friday, July 9, 2021 (RTTNews.com) - Shares of Iron Mountain Incorporated (IRM) are up more than 3% Friday morning at $43.98.

Wednesday, the storage and information management services provider announced its decision to acquire a data center in Frankfurt from Calcium DC Pte. Ltd for 76 million euros.

"The acquisition expands Iron Mountain's presence in the Frankfurt market, which includes a 27 megawatt pre-leased facility in Frankfurt, and enables the company to add immediate capacity and to build out a team in a market with strong long-term demand," the company said.

IRM has traded in the range of $24.85- $47.34 in the last one year.

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