CRIF further reinforces its business in Germany and Poland by acquiring Deltavista’s operations
Moreover, from the beginning of 2016 CRIF has enhanced its presence in Germany through the acquisition of Bürgel, one of the leading consumer and business information providers in Germany, with a 130-year track record. Bürgel provides unique and powerful sets of advanced Credit Bureau Information and Risk Management solutions to the market.
Bürgel and Deltavista will operate separately and independently from each other, thus covering different market needs: Bürgel as an information and solution provider, Deltavista as an independent solution provider, and therefore neutral from other information providers.
This transaction will further strengthen CRIF’s industry-leading positioning in the field of banking credit information and risk management solutions in continental Europe as well as enabling the company to exploit synergies with the other local offices already established in those countries.
Back in 2011, CRIF acquired Deltavista’s and Teledata’s business in Switzerland and Austria in line with its increasing investment plan in the DACH region in order to provide clients with greater added-value services and a comprehensive suite of risk management solutions in German-speaking countries. The successful integration has allowed CRIF to meet different needs and widen its service portfolio to serve financial institutions, companies, and consumers, and to become a benchmark in the e-commerce sector.
“The successes achieved in Germany, Switzerland and Austria make us confident that German and Polish operations will accelerate their growth and benefit from the Group’s synergies. We are always driven by innovation to serve our clients' needs and fulfil our commitment to them.
By combining CRIF’s information systems and software solutions with Bürgel and Deltavista‘s data and risk management support systems, we will be able to support our clients to take informed decisions and operate competitively in an increasingly demanding market in terms of advanced solutions and technological flexibility”, said Carlo Gherardi, President and CEO of CRIF.
As to Poland, the acquisition of the Deltavista companies, which are successfully offering advanced consumer information solutions combined with CRIF business information activities, which are already in place, will provide very advanced solutions to the Polish market.
About Deltavista Group
Founded in 1994, Deltavista Group is one of the leading credit bureaus and risk management providers in German-speaking Europe. For the purpose of risk management, Deltavista identifies, collects, aggregates and interprets risk relevant data in order to provide credit decisions. Deltavista as a credit agency combines the specialist technical expertise of more than 140 employees in Karlsruhe, Krakow and Munich, and operates data pool solutions for identification, risk assessment and customer relationship management.
For more info: www.deltavista.com