CRIF, with head office in Bologna, Italy has acquired on February 29th the Bürgel group (Bürgel) from the previous shareholders Euler Hermes (50.1 %) and EOS (49.9 %), thus carrying forward its growth and expansion path which has been ongoing for many years.
The world of German credit information will no longer be the same. An epoch has ended. A new one is underway.
CRIF is already a cooperation partner of Bürgel in various international markets. The credit reporting agency, which was founded in 1988 and has some 2,700 employees and direct companies in twenty countries across four continents, has lately experienced a continuous growth thanks to the development of credit reporting activities in several markets. The company is included in the prestigious FinTech, a ranking of the leading global technology solution providers to the financial services industry.
Bürgel is one of several leading business information companies in Germany, with 130 years of experience in risk management and employing a staff of approximately 500. Euler Hermes, as the largest customer for business information, and the EOS group will continue their longstanding business relationship with Bürgel and will continue to put their trust in the company’s expertise in the future. Under the worldwide umbrella of the CRIF group, many new growth opportunities and future prospects will open up to Bürgel to develop further services for its German and global clients.
“With Bürgel, we are happy to welcome a new strong company under the CRIF umbrella”, said Carlo Gherardi, President and CEO of CRIF. “We are already cooperating successfully with Bürgel in Austria, Switzerland, and other international markets. The integration of CRIF solutions and Bürgel will clearly provide significant advantages to our clients through advanced technology and added-value services. For us, the acquisition of the Bürgel group is a key step to developing our credit reporting solutions in Germany, the DACH region and Europe in light of our leading position in the global markets.”
Source: CRIF Press Release
