| Crown Records Management – Invests £50 million on Business Information storage and management|
| Date Of Issue:||03/20/2006|
FOR IMMEDIATE RELEASE
Date: March 20, 2006
Crown Worldwide Contact:
Tel: +44 7963 490890
Crown Records Management – Invests £50 Million on
Business Information Storage and Management
London, England – With the explosion of business information Crown has grown to become the third largest Records Management provider in the world and the number one private company in this field. Crown Records Management signed an agreement in March to acquire the Business Services division of SIRVA UK Limited for approximately £50 million (US$87m). This includes Pickfords Records Management, Irish Security Archives and GB Nationwide Crate Hire.
Jim Thompson, Crown Group Chairman commented “This acquisition greatly enhances Crown’s position in the global information management industry. We are a leading provider of these services throughout the world and we plan to continue our expansion in the business of managing data in all forms for our extensive corporate clientele.”
Growth and Success
Crown Worldwide was established over 40 years ago in Japan and in 1983 recognised an opportunity to begin providing Records Management Services to numerous clients. Crown’s new service provided: the management and storage of business information including cartons, files, documents, magnetic and digital media. Today, the Crown Group manages 16,800,000 cubic feet of business records in 46 countries, operating from over 170 worldwide locations and serving approximately 10,000 clients.
A Service to Fit Every Need
Over the years Crown Records Management has evolved its service to meet changing needs from: the storage, management and retrieval of cartons, files and documents; to optical and electronic data, microfiche, and microfilm, document imaging and scanning services, online hosting, data conversions and much more. Optimal environmental conditions, high security and customised, industry-specific solutions are created to fit the specific service clients want.
Business as Usual for Our Customers
David Muir, CEO Crown Europe, Middle East & Africa added “We welcome Managing Director, Frank Hopping, and the SIRVA Business Services team to Crown. Their multi-branch network and strong client base enhances our total offering in these key markets. We will provide a business as usual service for our customers and this acquisition presents a wonderful opportunity to share skills and expertise."
SIRVA UK Limited includes the Pickfords Records Management Business, Irish Security Archives and GB Nationwide Crate Hire.
Pickfords Records Management has grown rapidly since its creation in 1994 to become one of the UK’s largest providers of Records Management services. These include image capture and magnetic media management, as well as the more established hard copy storage and retrieval services. The company operates from 28 locations stretching from Scotland in the north down to the south coast of England and extending to providing services in the Channel Islands with over five million cubic feet of specialised storage capacity.
Irish Security Archives is a long-established leading provider of Records Management services in the Republic of Ireland, providing magnetic media and hard copy document management and storage services to both the public and private sectors. ISA operates from four facilities in the Dublin area, including its brand new purpose built facility in Finglas, with over 300,000 cubic feet of specially racked storage space.
GB Nationwide Crate Hire is the UK’s 3rd largest supplier of crate rental and associated services. GB provides deliveries of thousands of crates and other specialist moving equipment each week to many leading office removal companies as well as end users such as Schools, Universities and Libraries. GB operates from six UK-wide locations including its London headquarters.
Standard Chartered Bank is Crown's sole financial advisor and financing bank for the transaction.
Crown Worldwide Group
The Crown Worldwide Group is privately held and headquartered in Hong Kong. The Crown Relocations division provides global relocation services for corporations, private clients and diplomats. The Crown Logistics division provides other specialised commercial import/export, freight forwarding and distribution services.
Visit our websites: www.crownworldwide.com or www.crownrms.com
For further information, interviews and photographs contact:
Tel: +44 7963 490890 Email: email@example.com