TransUnion (NYSE: TRU) has announced that it has completed the acquisition of Callcredit Information Group, Ltd., the second largest and fastest growing consumer credit bureau in the U.K., for approximately £1 billion, or approximately $1.4 billion.
Founded in 2000, Callcredit is a U.K.-based information solutions company that, like TransUnion, provides data, analytics and technology solutions to help businesses and consumers make informed decisions. With a strong record of growth and innovation in both core credit and emerging solutions, Callcredit has achieved strong market success in the U.K.
“We are pleased to have received regulatory approval to acquire Callcredit, and we look forward to beginning the integration of the two businesses,” said Jim Peck, TransUnion’s president and chief executive officer. “It’s clear that the combination of our respective assets will drive value to our investors, customers and consumers in both the United Kingdom and across global markets TransUnion serves.”
TransUnion will provide updated full year 2018 guidance, including Callcredit and other recently completed acquisitions, as part of its second quarter 2018 earnings release. Given the size of the Callcredit acquisition, certain of the non-GAAP supplemental financial measures we provide as a basis for comparing operating results across periods, such as adjusted net income and adjusted diluted EPS, will exclude Callcredit’s integration-related costs going forward.
Source: TransUnion Press Release