Experian Sells Experian Data Services to Cerved Group

Posted by Joachim Bartels | Mar 29, 2013 | Business Information, Cerved Business Information/CBI, Credit Information, Experian, Italy, Marketing & Sales Information, Member, Member News, Ownership Changes of Information Companies, Uncategorized | 0 |

Experian PLC announced that it agreed to divest Experian Data Services S.r.l, its business credit information business in Italy, to Cerved Group S.p.A., for an undisclosed sum.

The sale followed a strategic review of the business and its position within Experian’s portfolio. Experian will continue to focus on developing its consumer credit information activities in Italy, where its joint venture with Cerved, Experian-Cerved Information Services S.p.A., has been well-received in the market place, as well as building its Decision Analytics activities in the country. Revenues for EDS in the year ended 31 March 2012 were $17 million.

Source: Foxbusiness.com

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.