Bisnode sells Kompass in the Nordics
6/8/2012 8:30 AM EST
Bisnode has sold Kompass in Sweden, Norway, Denmark and Finland. Kompass offers ad-based search services that identify companies, industries and specific products. This transaction is in line with Bisnode’s strategy to refine the business and focus on growth in the core offering.
Bisnode has been refining its offering for a long time in order to focus on development and growth in the core business. As Kompass is a franchise concept and has an ad-based business model with product information, it offers limited synergies with the rest of our business, which is why we have decided to sell the company
Lars Pettersson, CEO of Bisnode
Kompass Nordic is a part of a global franchise concept. Currently, Kompass is present in 70 countries across the globe and its unique product classification makes the service an accurate search tool and advertising space for the manufacturing industry. Kompass Nordic had a turnover of SEK 45 million in 2011 and has 25 employees in Denmark, Finland, Norway and Sweden.
“Bisnode has been refining its offering for a long time in order to focus on development and growth in the core business. As Kompass is a franchise concept and has an ad-based business model with product information, it offers limited synergies with the rest of our business, which is why we have decided to sell the company,” says Lars Pettersson, CEO of Bisnode.
Lars Pettersson, CEO of Bisnode
Tel: +46 70 517 28 02
Email:
Fredrik Åkerman, CFO and Business Area Director Product Information
Tel: +46 70 415 23 65
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Bisnode is one of Europe’s leading providers of digital business and decision support information, with a complete offering of online services for market, credit and business information. Bisnode’s business information services helps companies to increase sales, reduce business risks and improve their daily business decisions. Bisnode was founded in 1989 and has more than 3,000 employees in 17 European countries. Bisnode is owned 70 per cent by Ratos and 30 per cent by Bonnier. For more information visit www.bisnode.com