Short Hills, NJ – August 31, 2010 ¾ D&B (NYSE: DNB), the world’s leading source of commercial information and insight on businesses, announced it has acquired a member of the D&B Worldwide Network, privately held Dun & Bradstreet Australia Holdings Limited (“D&B Australia”), the leading credit and information services provider in Australia and New Zealand, for approximately $205 million in cash. The transaction closed today and was financed primarily by existing cash on hand.
D&B Australia is a trusted leader in commercial risk and receivables management and owns and operates an emerging high growth consumer credit service. Through these three primary units, D&B Australia is able to efficiently collect high quality data on most businesses within Australia and New Zealand. For its fiscal year ended June 30, 2010, D&B Australia generated approximately $80 million of revenue and operating margins of approximately 20%, in accordance with International Financial Reporting Standards. Analysts’ comments were upbeat about this latest development. D&B’s stock rose following the announcement. Source: D&B Corporation To read the full press release click on the link!