Takeover target Recall buys Swiss business

Recall, which is subject to an ongoing $US3.4 billion takeover attempt, has now completed six acquisitions during FY16 at a total cost of $US56 million.

Australian data management firm Recall Holdings has bought Swiss document storage and management company Secur Archiv.

Recall, which is subject to an ongoing $US3.4 billion ($A4.8 billion) takeover attempt by US logistics giant Iron Mountain, says the acquisition will add $US14 million in annualised revenue.

Recall has now completed six acquisitions during FY16 at a total cost of $US56 million.

It predicts the six assets will generate annualised revenue of approximately $US28 million, with approximately $US19 million in the current financial year.