English

Transcom divests Austrian Credit Management Services operations for EUR 15.0 million

Luxembourg, 27 June 2014 – Transcom today announced that the company has signed an agreement to divest its Austrian Credit Management Services operations (CMS Austria) to the private equity investor HANNOVER Finanz Group, for €15.0 million on a cash and debt free basis. The consideration will be paid in cash at closing. The transaction is expected to close during August 2014, subject to regulatory approval.

CMS Austria had a turnover of €16.3 million in 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