CRIF Finalizes the Acquisition of 95% of Re Valore SpA

The transaction consolidates CRIF’s presence on the Italian real estate appraisal market where CRIF presents itself as a player capable of offering the widest and most qualified range of services to the market

Following what was communicated on 30 May 2022, CRIF – a global company specialized in credit and business information systems, outsourcing and processing services and advanced digital solutions for business development and open banking – announces that it has today (7/3/2023) completed the acquisition of 95% of Re Valore SpA ., a company that offers technical-estimating services in the real estate area, for a consideration of Euro 48.2 million. The equity value was determined on the basis of an enterprise value of Re Valuation of Euro 46 million, adjusted for the estimated net financial position at closing.

The operation is part of a multi-year growth program characterized by investments aimed at expanding the CRIF ecosystem with the aim of guaranteeing an increasingly high level of service and innovative solutions to support the entire economic system.

In this case, the recognized skills and the complementary nature of the CRIF and Re Valore solutions will guarantee an unparalleled depth of information for the valuation of properties and comparables. They will make it possible to respond even more effectively to the needs of a rapidly growing real estate market, today more than ever attentive to the issue of sustainability and increasingly demanding in terms of value-added information and operational and technological flexibility, areas in which the synergies between two companies, which will continue to operate separately and autonomously, will stand out more.

“The acquisition of Re Valore further consolidates the position of CRIF in Italy and allows us to respond even more effectively to the needs of the real estate market, increasingly demanding in terms of value-added services and ever more attentive to the analysis and monitoring of new metrics, such as advanced analytics and ESG analytics .” – commented Carlo Gherardi, President and Chief Executive Officer of CRIF.