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Announced

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ARAG Group completed the acquisition of DAS Legal Protection from ERGO.

Synopsis

ARAG Group, a legal expenses insurance provider, completed the acquisition of DAS Legal Protection, a provider of legal services committed to creating access to justice for Canadians, from ERGO, an insurance company. Financial terms were not disclosed. "With this acquisition, we are striving to expand and strengthen our existing operations in Canada. The Canadian LEI market offers promising opportunities with sound growth potential. Thus, ARAG advances its successful international expansion strategy. With the DAS sales network and experienced team, we are complementing our current Canadian activities. It will also allow us to leverage synergies, accelerate growth as well as support economies of scale and scope," Renko Dirksen, ARAG Speaker of the Management Board.

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