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Announced

Completed

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

Financials

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

Tags

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Completed

Friendly

Acquisition

legal services

Single Bidder

Canada

Majority

Cross Border

Private

Management Consulting

Synopsis

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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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