Transcom WorldWide S.A. (“Transcom” or “the Company”), the European CRM and debt collection specialist, today announced that it has acquired 100% of Centrum Egzekwowania Należności Trudnych “CENT” Sp. z o.o. for a cash consideration of €2.5 million. A further performance-based earn-out of up to €1.5 million is payable in early 2009 and is dependant upon CENT achieving certain operating profit (EBIT) targets.
Established in 2002 and based in Wroclaw, Poland, CENT operates one of the top ten contingency collection businesses in Poland and employs approximately 70 people. The purchase will be funded out of Transcom’s existing cash balances. Senior management personnel have signed contracts to remain with the business under the new ownership structure. CENT’s operations will be consolidated in Transcom’s accounts with effect from 1 June 2007.
Keith Russell, President & Chief Executive Officer of Transcom, said: “We are very happy to announce the acquisition of CENT in Poland. The deal is in line with our strategy of growing our debt collection business across Europe in order to enhance overall margins. The acquisition will further accelerate our growth in Eastern Europe and strengthen our position in the fast-growing Polish market. We continue to look for similar opportunities in other European markets and hope to make related announcements in the coming months.”
For further information please contact:
Keith Russell, President and CEO +352 27 755 000
Noah Schwartz, Investor & Press Enquiries +44 20 7321 5032
Visit our website at www.transcom.com
Transcom WorldWide S.A. is a rapidly expanding Customer Relationship Management (CRM) solution provider, with 55 service centres employing more than 13,100 people delivering services to 28 countries – Austria, Belgium, Chile, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Italy, Latvia, Lithuania, Luxembourg, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Spain, Sweden, Switzerland, the Netherlands, Tunisia, the UK and the USA.
The company provides CRM solutions for companies in a wide range of industry sectors, including telecommunications and e-commerce, travel & tourism, retail, financial services and utilities. Transcom offers clients a broad array of relationship management services, including inbound communication; telemarketing and outbound; Administrative Tasks; Web servicing; CRM Consultancy Service; Contract Automation; Credit Management Service; Legal Services; and Interpretation Services. Client programs are tailor-made and range from single applications to complex programmes, which are offered on a country-specific or international basis in up to 33 languages.
Transcom WorldWide S.A. class A and B shares are listed on the Nordic Exchange Mid Cap list under the symbols ‘TWW SDB A’ and ‘TWW SDB B’.