COPENHAGEN, DENMARK: 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 percent, with EBITDA margins of about 22 percent.
“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 and 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.