European collection agency Lindorff Group announced in late December that it has acquired Dausend Group, a Cologne, Germany-based provider of debt collection and portfolio acquisition services.
“The acquisition of the Dausend Group is in line with Lindorff’s growth strategy and will be a first step through which we will contribute to the consolidation of the receivables management industry in Germany,” said Urs Baumann, CEO of Lindorff Group. The firm posted revenues of $447 million in 2006.
Oslo, Norway-based Lindorff is a leading provider of outsourced receivables management services in Europe, employing around 1,800 people at offices in Norway, Sweden, Denmark, Finland, Lithuania, Latvia, Holland, Russia and Estonia.
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