One of the leading international credit insurance firms has made a significant acquisition as it takes the remaining 55% stake in a business information provider.
Atradius, which already owned 45% of Graydon Holding, is now the sole shareholder in the company as it looks to develop its information and technology output. Graydon, which provides business information services across Belgium, the Netherlands and the UK, with business operations in risk and compliance, marketing information, credit management and debt collection, will continue to operate on an independent basis.
Speaking about the acquisition, Isidoro Unda, chairman and CEO of Atradius, outlined that the two companies have similar approaches to business.
“Atradius and Graydon have similar strategies when it comes to collecting significant amounts of data and converting it into valuable information that can help our customers grow their businesses,” he said. “We believe Graydon will create synergies that improve our credit management and collections offerings and strengthen our underwriting capabilities.”
Meanwhile, Marcel van Es, CEO of Graydon added: “Graydon has a longstanding relationship with Atradius and we are grateful for their confidence and support in our strategy. They have a strong understanding of the business in which we operate and see clear opportunities for the collaboration with Graydon. We are looking forward in working together more closely in the future.”
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