Coface completed the acquisition of GIEK Kredittforsikring.

Coface, specializes in trade risk and also offers other financial services including credit insurance, receivable management, debt collection, factoring and business information solutions, completed the acquisition of GIEK Kredittforsikring, an insurance agency. Financial terms were not disclosed. "This acquisition will allow us to reinforce our presence in the Nordic markets, a region where the opened economies are built around strong exporters. We are happy to welcome the GIEK Kredittforsikring teams who will join our regional platform,” Katarzyna Kompowska, Coface CEO Northern Europe.