Experian completed the acquisition of a majority stake in Arvato Financial Solutions Risk Management division from Bertelsmann Group for $253m.

Experian, an American based Irish-domiciled multinational consumer credit reporting company, completed the acquisition of a majority stake in Arvato Financial Solutions Risk Management division, a credit risk management service provider, from Bertelsmann Group, a German private multinational conglomerate, for $253m. "We are excited to be joining forces with Arvato Financial Solutions Risk Management, the second-largest credit bureau in Germany, and which will transform our presence in EMEA. We will combine our strengths and industry expertise to greatly enhance the choices available to businesses and consumers in Germany, Austria and Switzerland, helping them to better use data and make easier and faster decisions. We look forward to welcoming the Arvato Financial Solutions Risk Management division team to Experian and a strong collaborative partnership with its parent, Arvato Financial Solutions," Brian Cassin, Experian CEO.