Johannesburg, South Africa –4 June 2012 – TransUnion Corp., a leading global provider of information management and risk management solutions, announced today that it has completed its previously announced purchase of a majority share in CRBAfrica, a credit risk management organisation with a presence in eight countries across Africa.
The acquisition significantly expands TransUnion’s footprint in Africa. Building on its existing presence in South Africa, Namibia, Botswana, Zimbabwe and Swaziland, TransUnion can now enhance operations in Botswana and extend its footprint into Kenya, Mozambique, Malawi, Rwanda, Tanzania, Uganda and Zambia, bringing a wide range of credit reporting and risk management solutions to these emerging markets. Terms of the transaction were not disclosed.
“TransUnion looks forward to working with CRBAfrica as we continue to accelerate potential economic growth for businesses and consumers within Africa,” said Edward Khoury, Group CEO TransUnion Africa. “We will continue to leverage CRBAfrica’s experience and relationships within these countries to introduce the many benefits of credit information and what it can bring to the local markets.”
As a global leader in information and risk management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering high quality data, and integrating advanced analytics and enhanced decision-making capabilities. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. TransUnion reaches businesses and consumers in 32 countries around the world. Based in Johannesburg, with global headquarters located in Chicago in the US, TransUnion is one of Africa's oldest credit bureaus. Visit www.transunion.co.za or www.mytransunion.co.za for more information.
CRBAfrica, headquartered in Nairobi, Kenya is one of Africa’s premier networked credit reference bureau and debt management outsource organizations with operations in 8 African countries and more than 200 employees. By combining a highly skilled, multilingual workforce, a wide range of unique products and services that reflect each local operating environment and a fully-integrated geographic reach, CRBAfrica has helped pioneered the development of credit bureau and debt management services across the African continent to allow major banks, credit card companies, financial institutions, microfinance and multinational commercial enterprises to reduce their credit risks. www.crbafrica.com
For more information contact Carla Gilmour TransUnion +27 11 214 6226 or email firstname.lastname@example.org