Experian acquires majority stake in Computec
Further to the announcement on 3 May 2011, Experian, the global information services company, is pleased to announce that it has completed the acquisition of a 98% holding in Computec S.A. for the equivalent of US$380m. Computec is a leading Latin American credit services information provider based in Colombia.
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The acquisition of Computec further strengthens Experian's Latin American presence, building on the leading market position Experian has established in Brazil. Computec is a unique asset, with the market leading credit bureau in Colombia.
Don Robert, Chief Executive Officer, Experian, said:
"This acquisition is another important step in our strategy to develop Experian's presence in fast growing emerging consumer economies. The combination of our global expertise and Computec's market leadership means that we are well placed to accelerate our growth in Colombia."