Intrum Justitia is in advanced negotiations to acquire Dun & Bradstreet#s Receivables Management Services Operations in
Intrum Justitia is in advanced negotiations to acquire Dun & Bradstreet's Receivables Management Services Operations in Europe Intrum Justitia is in advanced negotiations to acquire Dun & Bradstreet's European RMS operations. Negotiations between the parties are expected to reach completion during the second quarter of 2001. "Intrum has a growth strategy and aims to take an active part in consolidating its industry in Europe. With the acquisition of Dun & Bradstreet's European RMS operations, Intrum strengthens its position in several important markets and becomes the undisputable market leader in Europe," said CEO Peter Sjunnesson. The operations that Intrum is considering acquiring generate a turnover of roughly Euro 50 million. The combination of the two operations will enhance Intrum's products and services, especially in the early stages of the receivables management cycle. Intrum and Dun & Bradstreet view each other as preferred suppliers for their respective areas of expertise. As such, their discussions include the continued exchange of data, and joint marketing to their shared customers. Dun & Bradstreet has also signed a definitive agreement to sell its US, Canada and Hong Kong Receivables Management Services operations businesses to a team of RMS senior managers. Intrum and this management team are considering a collaboration that will enable them to continue to offer Receivables Management Services globally. For further information: Peter Sjunnesson, CEO Phone: +46 8-616 77 00 Mail: p.sjunnesson@nl.intrum.com Dun & Bradstreet, the world's leading provider of business information, has been enabling business-to-business commerce for nearly 160 years. D&B's information and technology solutions help businesses reduce credit risk, find profitable customers, manage vendors efficiently and collect cash and receivables. Businesses also use D&B's information and technology to authenticate and verify potential trading partners online, increasing their trust and confidence in e-commerce transactions. That's why so many companies -- including over 90 percent of the Business Week Global 1000 -- rely on D&B as the most trusted source for information they need to make their business a success. 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/2001/03/13/20010313BIT00570/bit0001.doc http://www.bit.se/bitonline/2001/03/13/20010313BIT00570/bit0002.pdf