Bisnode has sold Kompass in Sweden, Norway, Denmark and Finland. Kompass offers ad-based search services that identify companies, industries and specific products. This transaction is in line with Bisnode’s strategy to refine the business and focus on growth in the core offering.
Kompass Nordic is a part of a global franchise concept. Currently, Kompass is present in 70 countries across the globe and its unique product classification makes the service an accurate search tool and advertising space for the manufacturing industry. Kompass Nordic had a turnover of SEK 45 million in 2011 and has 25 employees in Denmark, Finland, Norway and Sweden.
“Bisnode has been refining its offering for a long time in order to focus on development and growth in the core business. As Kompass is a franchise concept and has an ad-based business model with product information, it offers limited synergies with the rest of our business, which is why we have decided to sell the company,” says Lars Pettersson, CEO of Bisnode.
Source: BISNODE
