27 October 2021
Axactor Italy
Press release
Shopping for Axactor Group in Italy: acquired Credit Recovery Service
Axactor SE, an international group specialized both in the management of non-performing loans on behalf of third parties and in the purchase of NPL portfolios, with operating platforms in Finland, Germany, Italy, Norway, Spain and Sweden, announces that it has signed an agreement to acquire the 100% of the shares of the Italian credit management company C.R. Service - Credit Recovery Service S.r.l.. The closing of the transaction is expected by the end of 2021.
C.R. Service - Credit Recovery Service S.r.l., which closed its last financial year, December 2020, with a turnover of 6.2 million euros and an EBITDA of 0.9 million euros, is based in Grosseto, has an operational office (contact center) in Milazzo (Messina) and a total of 155 employees who will bring, once the operation is completed, the number of Axactor Group employees in Italy to 279.
"We are very happy with this operation which, in line with the strategic drivers of the group, will allow us to strengthen our offer and growth in the 3PC sector (management and debt collection on behalf of third parties)" - says Antonio Cataneo, Country Manager of Axactor Italy – “In the coming months we will work to set it on the path of growth and make this acquisition synergistic to strengthen our presence on the Italian market”.
C.R. Service – Credit Recovery Service S.r.l. is one of the top 5 3PC - independent market players in the Italian Banking and Financial segment. The acquisition is consistent with the Axactor Group's strategy aimed at consolidating its positioning in the markets in which it is already active, also through the development of its credit management operating platforms on behalf of primary banking and financial institutions.
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