Transcom enters into agreement to divest Danish Credit Management Services operations for an equity value of EUR 13.0 million
Stockholm, 26 February 2016 Transcom WorldWide AB (publ) today announced that the company has signed an agreement to divest its Danish Credit Management Services operations (CMS Denmark) for an equity value of EUR 13.0 million to Inga Acquisition ApS, a holding company of the current management team and an investment company. The consideration will be paid in cash at closing. The transaction is expected to close in March 2016. CMS Denmark was part of Transcom’s North Europe region in 2015. The divested unit had a turnover of EUR 11.4 million in 2015 and has approximately 80 employees.