Luxembourg, 30 December 2013 – Transcom today announced the successful closing of the divestment of its German Credit Management Services operations (CMS Germany) to Tesch Group, a portfolio company of Avedon Capital Partners, for €9.0 million on a cash and debt free basis. CMS Germany had a turnover of €9.0 million in 2012 and has approximately 120 employees. The divested operations are part of Transcom’s Credit Management Services business unit (CMS), which generated revenues amounting to €55.3 million in 2012.
As announced in a press release on December 13, 2013, this transaction is in line with Transcom’s strategy to focus on its core business – outsourced customer care solutions (CRM).
For further information, please contact:
Johan Eriksson, President and CEO
Telephone +46 70 776 80 22
Pär Christiansen, CFO
Telephone +46 70 776 80 16
Stefan Pettersson, Head of Group Communications
Telephone +46 70 776 80 88