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The combination strengthens the growth businesses of Bertelsmann and arvato in Business Information Services. The Bertelsmann subsidiary arvato AG is acquiring Gothia Financial Group headquartered in Norway and thereby combining its financial services activities. Gothia Financial Group is a full-service provider for the entire invoice process chain. The company offers its clients solutions that range from invoicing to accounts receivable and liabilities management.
With over 1, employees and more than 2, clients, Gothia is very well established in the Scandinavian countries as well as the UK and Ireland region and has distinct growth opportunities in the GSA region, comprising Germany, Switzerland and Austria, as well as the Netherlands and Spain. With the combination, arvato will advance the internationalization of its business information and financial services activities and be able to offer its payment handling solutions to clients all over Europe going forward.
Potential is to be unlocked notably through the pan-European use of the PayByBill payment solution established by Gothia. The market for business information shows an attractive, lasting dynamic and enables high rates of profitable growth.
We have had a great cooperation with the strong management team. Moreover, we will be able to offer all customers attractive new services in the field of business information. I am pleased that Trond Kristian Andreassen is taking a key role in driving ahead the combination as deputy CEO of arvato infoscore.
Both our companies have similar business models and complementary regional areas. We both also have a corporate culture committed to the entrepreneurial spirit. The transaction, which has to be approved by the anti-trust and bank supervisory authorities, is expected to be completed by mid-year About arvato As a global BPO services provider, arvato supports business customers all over the world in successfully shaping their customer relationships.
These consist of processes such as marketing and CRM services, supply chain management and distribution as well as financial services — all of which are interlinked by integrated IT platforms. More information to be found at: www.
Headquartered in Baden-Baden, arvato infoscore operates from twelve locations in Germany, Austria, Switzerland, Hungary and the Netherlands with a workforce of 2, employees. The company provides the full range of accounts receivable management services, from risk scoring and inception, billing and settlement including securing and prefinancing, right through to payment entry or collection. Herkules has the financial strength to acquire majority ownership positions in established companies with growth potential.
About Gothia Gothia is a leading partner for credit administration and financial services. The group, which is owned by Herkules Capital, has had a very strong growth since it was acquired back in In , the company generated over EUR million in revenues and currently employs more than 1, staff in 9 countries.
Also the financial results have developed very positively in the same period. Andreas Grafemeyer Head of the Press Office. Send email. Search term. Press Release. Recommend this page. Bertelsmann Network.
Category: Arvato Infoscore