September 3, 2014

Recall Enters Agreement to Sell Germany Secure Destruction Services Business

Recall Germany Focused on Growing Document Management Solutions, Data Protection Services and Digital 

Norcross, GA—September 3, 2014 -- Recall Holdings Limited (ASX: REC), a global leader in information management solutions, today announced that it has entered into an agreement to sell its Germany Secure Destruction Services (SDS) business to Rhenus Data Office GmbH. The sale is subject to final regulatory approval from the German competition regulator (Federal Cartel Office), and is anticipated to close later this calendar year. 

The sale, which represents a modest gain for Recall, will reduce full year revenue by approximately US$13.5 million, but is expected to be earnings accretive in FY15, assuming the transaction is closed within 1Q FY15. Following the transaction, Recall’s total depreciation and amortization expense in FY15 is expected to be approximately US$75M, which includes increased depreciation from capital spending and amortization of acquisitions and customer perm-out fees.

As reported in Recall’s FY14 earnings release, Recall conducted a strategic review of its SDS business and announced its intention to sell the Germany SDS business. Going forward, Recall will continue to focus on growing its Document Management Solutions (DMS), Data Protection Services (DPS) and digital businesses across the German markets. 

About Recall

Recall is a global leader in information management solutions, offering customers complete management of its physical and digital information assets with one partner. Recall’s innovative solutions empower organizations to make better business decisions throughout the information lifecycle, while keeping regulatory compliance and eliminating unnecessary resources, time and costs. Recall services more than 80,000 customer accounts in over 300 dedicated operation centers, spanning five continents in 24 countries. For more information, please visit

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