Callcredit sold to US group for £1billion
Leeds-based Callcredit has been acquired by American-based TransUnion for $1.4bn.
TransUnion already operates in 33 countries and says it will apply its “global operating model” to the acquisition to “optimise business and operational processes.”
“TransUnion and Callcredit have strong synergies across our business models and solutions, and we share a commitment to using information to benefit consumers and global economies alike,” said Jim Peck, TransUnion’s president and chief executive officer.
“Callcredit is an outstanding acquisition for TransUnion, and together, we’ll be a powerful force to deliver value to shareholders, customers and consumers across all the markets we serve.”
Callcredit Information Group is the second largest consumer credit bureau in the UK, providing data, analytics and technology to businesses. It owns Warrington-based Latitude Digital; Numero in Manchester; Recipero and DecisionMetrics in Leeds
“Investment by a global company with an established track record, shared values and leadership who recognised our market potential is absolutely the right fit for us and the market,” added Mike Gordon, Callcredit chief executive officer.
“We are excited about the future and unique opportunity to elevate our competitive advantage with TransUnion through our combined innovation and expertise.”
The deal is expected to be completed in the second part of this year - subject to regulatory approval.