Intrum Justitia, Europe?s leading Receivables Management Services Group and listed on Stockholmsbörsen (Stockholm Exchange), has signed an agreement to buy two leading RMS companies in France, Cofreco and Jean Riou Contentieux, from the Fininfo Group. The acquisition makes Intrum Justitia the market leader in France.
Both Cofreco and Jean Riou Contentieux are well-known brands in the French market and their focus on consumer collection will further strengthen Intrum Justitia?s position in the RMS market. The acquired companies? combined turnover in 2001 amounted to approximately EUR 8.4 million (approximately SEK 78 million). The current gross collection value amounts to over EUR 157 million. Together the companies employ 96 persons in its offices in Paris, Lyon, Nevers and Saint-Herblain. The parties have agreed not to disclose the purchase price.
?The acquisition is an important step in our strategy to be a leading player in all our local markets,? said Bertil Persson, acting CEO of Intrum Justitia. ?We are now moving up from being number three to take clear leadership in the French RMS market, a strategically important market for Intrum Justitia.?
