Transcom’s Board of Directors is currently evaluating a number of strategic alternatives for the company’s Credit Management Services (CMS) business unit. The main alternative considered is a spin-off of the CMS business unit to Transcom’s shareholders through the distribution of new shares in the CMS business during 2013. Transcom expects to be able to communicate further details during the first quarter of 2013.
“As we focus on strengthening Transcom’s position in our core business – outsourced customer management solutions – it is a logical step to demerge the CMS unit, which is a separate and distinct entity with its own business model”, commented Johan Eriksson, Transcom’s President and CEO. “Operating as an independent company will also provide the CMS business greater operational flexibility to aggressively take advantage of opportunities in credit management.”
For further information, please contact:
Johan Eriksson, President and CEO
Telephone +46 70 776 80 22
Stefan Pettersson, Head of Group Communications
Telephone +46 70 776 80 88