TransUnion to buy consumer credit bureau Callcredit for $1.4 billio
Category: #retail  By Saif Ali Bepari  Date: 2018-04-21
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TransUnion to buy consumer credit bureau Callcredit for $1.4 billio

The US based credit reporting agency TransUnion has announced on Friday that it would acquire consumer credit data provider Callcredit to boost its presence in the UK. As per reliable sources, the acquisition is likely to be concluded by the end of second quarter subject to regulatory approval. Reportedly, the total valuation of the deal stands at around USD 1.4 billion.

For the record, the Leeds headquartered Callcredit was established in the year 2000 to provide data, technology, and analytics solutions to assist individual consumers and various businesses in making informed decisions. According to authentic sources, Callcredit Information Group has emerged as the second biggest consumer credit agency in the United Kingdom.

Speaking on the latest takeover, President and Chief Executive Officer of TransUnion, Jim Peck was quoted stating that Callcredit is an excellent acquisition for the firm. He further stated that the strong synergies shared by both the companies across respective business solutions and models would prove to be a powerful force in delivering effective information to its consumers and shareholders across all the markets.

Concurrently, the Chicago based TransUnion operates in 33 nations with international expansion as its primary growth strategy. According to the statement released by the firm, it will apply its ‘global operating model’ to the latest Callcredit buyout to optimize operational and business processes. TransUnion’s novel global solutions include consumer empowerment application CreditView® and trended data leader CreditVision®.

Commenting on the firm’s latest move, Chief Executive Officer of Callcredit, Mike Gordon was quoted stating that the investment by a globally renowned firm like TransUnion, which has an outstanding track record of leadership and shared values, would elevate Callcredit’s competitive edge. He further stated that the firm is excited about the future opportunities that would be opened up with this acquisition.



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Saif Ali Bepari

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Saif Ali Bepari

Saif Ali Bepari currently works a content writer for Market Size Forecasters, Algosonline, and numerous other platforms. A Computer Science graduate who has a zest for writing over coding, he has previously dabbled into technical and creative writing. He now pens down...

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