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Announced

Completed

Asiakastieto Group acquired and merged with UC for £285m.

Financials

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Transaction Value£285m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

credit information services

Acquisition

Friendly

Sweden

Consumer Lending

Merger

Single Bidder

Synopsis

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Asiakastieto Group, one of the leading providers of digital business, acquired and merged with UC, Sweden's largest credit information company, for £285m. "Our customers' service needs are undergoing a significant transformation. We want to meet their changing and enhanced needs. The combined company will be well positioned to leverage the market opportunity with larger scale and resources. Engaged and talented people are in the core of the two companies and that is to continue in the new, stronger entity. Higher efficiency will play a key role in enabling our future growth. Together we will take a leap towards the next level of digital services and data innovations. We will create a stronger future together," says Jukka Ruuska, CEO of Asiakastieto.

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