Axactor SE

M&A Activity • Oct 26, 2021

Axactor SE: Acquisition of Credit Recovery Service in Italy

Axactor SE: Acquisition of Credit Recovery Service in Italy

(Oslo, 26 October 2021) Axactor SE (Axactor, OSE: ACR) has today successfully secured 100% of the shares in the Italian debt collection agency C.R. Service - Credit Recovery Service S.r.l (CRS).

The company is managed from the headquarter in Grosseto (Tuscany) and has a contact center in Milazzo (Sicily) with in total 155 employees. After the transaction Axactor will have a strong footprint with 279 employees in Italy.

CRS is a top-5 independent 3PC-player in the Italian bank and finance segment. The acquisition supports Axactor’s strategy of strengthening the position in existing countries, improving capabilities on 3PC and preparing for post-pandemic volumes and new signed contracts in Italy.

“The acquisition will give a fantastic operational platform to enable future 3PC-growth” says Antonio Cataneo, Country Manager, Axactor Italy.

Credit Recovery Service had a total income of EUR 6.2m and an EBITDA of EUR 0.9m in 2020. The transaction is expected to close by the end of the year.

For additional information, please contact:

Johnny Tsolis, CEO, Axactor, tel: +47 913 35 461, e-mail: johnny.tsolis@axactor.com

Kyrre Svae, Chief of Strategy & IR, Axactor, tel: +47 478 39 405, e-mail: kyrre.svae@axactor.com