Intrum Justitia closes Dun & Bradstreet deal

Intrum Justitia closes Dun & Bradstreet deal Intrum Justitia completes acquisition of Dun & Bradstreet's RMS Operations in Europe. The position as Europe's leading receivables management services Group strengthened Intrum Justitia has today completed the acquisition of Dun & Bradstreet's European Receivables Management Services operations. The combined company will be the indisputable market leader in receivable management services in Europe. "The Dun & Bradstreet deal is an important step in Intrum Justitia's strategy to boost growth through combining its strong organic growth with acquisitions", said CEO Peter Sjunnesson. "It is an important step in preparing Intrum Justitia for a listing." "With this deal Intrum Justitia teams up with one of very few competitors who have a pan-European presence. The two operations have an excellent strategic fit, since Dun & Bradstreet and Intrum Justitia's operations to a large extent are complementary. Together, we are able to offer clients a very strong service", said CEO Peter Sjunnesson. Complementary operations Intrum Justitia has a particularly strong position in the Nordic region and in the UK, while Dun & Bradstreet has a strong position in the Netherlands, Germany, Italy, France and Belgium, which well complement Intrum Justitia's operations in these countries. Intrum Justitia and Dun & Bradstreet are to a large extent present in the same geographical locations throughout Europe, enabling the combined group to merge offices into one in many locations and reduce associated expenses. Intrum Justitia's strong position in the consumer receivables area is complemented by Dun & Bradstreet's focus in commercial receivables. The effect is that client overlap is low, and where it occurs services offered are complimentary. Integration The integration between Intrum Justitia and Dun & Bradstreet Receivables Management Services operations is expected to be completed during 2002. Jim Burton, member of the Group executive team and Head of the Integration process, comments, "this acquisition will mean Intrum Justitia becoming the indisputable market leader in Europe. Both companies will be working in close partnership with each other following the acquisition, building on the excellent strong relationship, which already exists between us." "With the combined knowledge and ability of both companies, clients can look forward to a much stronger and more focused Receivable Management Services on offer to them in the future." Further collaboration Intrum Justitia and Dun & Bradstreet view each other as preferred suppliers for their respective areas of expertise. The parties will continue to exchange information and data, and jointly market to their shared customers. Intrum Justitia has also established a global partnership with the US Dun & Bradstreet Receivables Management Services business to offer the clients a global service. For further information: Peter Sjunnesson, CEO Anders Antonsson, Head of communication Phone: +46 8 616 77 00 Phone: +46 8 616 7818 E-mail: p.sjunnesson@nl.intrum.com E-mail: a.antonsson@se.intrum.com Intrum Justitia is Europe's leading receivables management services group. The group has a turnover of EUR 208 million with 1,800 employees in 21 European countries. Intrum offers efficient high quality management of commercial and consumer receivables. Intrum has a growth strategy and aims to take active part in consolidating its industry. For more information, please visit www.intrum.com Dun & Bradstreet, the world's leading provider of business information, has been enabling business-to-business commerce for nearly 160 years. Dun & Bradstreet's information and technology solutions help businesses reduce credit risk, find profitable customers and manage vendors efficiently. Businesses also use Dun & Bradstreet's information and technology to authenticate and verify potential trading partners online, increasing their trust and confidence in e-commerce transactions. For more information, please visit www.dnb.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/16/20010516BIT00960/bit0001.doc http://www.bit.se/bitonline/2001/05/16/20010516BIT00960/bit0001.pdf