STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Intrum Justitia (STO:IJ)
Intrum Justitia has entered into an agreement to acquire Advis A/S, a leading credit management company in Denmark. Advis A/S is a market leader in the telecom sector, with a good presence also in the media and utility segments. The company has about 60 employees and 2013 revenues of about 57 MDKK. During 2012 and 2013, Advis A/S has reported annual revenue growth of close to 20%, with EBITDA margins of about 22%.
“This transaction is in line with Intrum Justitia’s strategy of strengthening our credit management business through acquisitions. Through Advis A/S, we will broaden our Danish customer base, gain access to data in new client segments and improve efficiency in operations through economies of scale,” says Lars Wollung, President & CEO of Intrum Justitia.
The acquisition is expected to be completed during October. The purchase price payable at closing is 145 MDKK on a cash and debt-free basis.
Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, offering comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 3,600 employees in 20 markets. Consolidated revenues amounted to about SEK 4.6 billion in 2013. Intrum Justitia AB is listed on NASDAQ OMX Stockholm since 2002. For further information, please visit www.intrum.com
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