Axactor enters the Swedish market through the acquisition of Profact AB

Oslo, 28 February, 2017 - Axactor AB (publ.) ("Axactor") acquires 
Profact AB from Aptic AB. Profact offering credit management 
services and customer services in the Swedish market. The company 
will serve as a stepping stone for implementing the full collection 
value chain in Sweden and hence play an important role in Axactor´s 
Nordic roll-out plan.
Located in Gothenburg, Profact has built solid foundations for 
further growth within the debt collection and debt purchase market 
in Sweden. The company has approximately 35 FTEs and has delivered 
strong growth particularly in the Customer Service area over the 
last few years. The 2016 revenues were approximately 2 mEUR with a 
moderate margin. The company was established in 2008 by the CEO 
Fredrik Kessler who has 24 years' experience in collection industry. 

Axactor continues to establish a "Nordic value proposition". Through 
the acquisition of Profact, Axactor now has immediate access to the 
Swedish debt collection market. The company has a strong competence 
within the industry, particularly in the debt surveillance area, 
with Profact holding the necessary collection licence to collect on 
behalf of third party customers. Axactor, will as part of the 
transaction, sign a long term licence agreement with Aptic for the 
use of the Aptic core collection system in Sweden.

"We clearly see customers requesting Pan Nordic value propositions 
in the 3PC business and portfolio sales area. In addition, Sweden 
represents an attractive market in its own right due to favourable 
regulatory framework and the possibilities to perform automated and 
efficient collections. With a market size approximately double that 
of the Norwegian market and a regular flow of NPL portfolio sales, 
Axactor is ready to make a solid footprint in the Swedish market. 
Furthermore, the acquisition will give additional geographical 
diversification to the company" says Endre Rangnes, CEO of Axactor.

Fredrik Kessler, CEO at Profact, said: "Axactor and Profact will be 
a very good match in the Swedish market. Combining Profact's 
experience of the Swedish credit management industry, with Axactor's 
Organisational and Financial support, the company will offer 
comprehensive debt collection solutions in Sweden".

Axactor will pay 1,25 mEUR for 100% of the shares in Profact AB. 
Closing of the transaction is expected to be 28 February 2017, and 
the acquisition will be financed using the existing credit facility 
with DNB/Nordea and available cash. 

About Axactor
Axactor Group specializes in both Debt Collection and Debt 
Purchasing across several countries, with operations in Italy, 
Germany, Norway and Spain. The company has a Nordic base and an 
ambitious Pan-European growth strategy, which targets the market for 
non-performing loans (NPL) in Europe. This market is estimated to be 
about 1,500 billion euros across Europe providing significant 
opportunities for Axactor's future expansion. After the acquisition 
of Profact, Axactor will have approximately 875 employees.
About Profact

Profact offers quality services on the Swedish market within the 
credit management and customer service industry. The focus is to 
provide high flexible services to the market and help our clients to 
be more cost efficient and increase revenue. Profact has a long and 
wide experience in credit management and offers a total solution 
within the CMS chain. Quality, service and flexibility are the key 
values in the company.

Contacts:
Investor Relations Axactor         
Geir Johansen        
Tel. +47 477 10 451        
E-mail: geir.johansen@axactor.com    

Profact AB        
Fredrik Kessler        
Tel. +46 708 282 445        
E-mail: fredrik.kessler@profact.se