CRIF acquires Dun & Bradstreet Vietnam and its franchise operations in Brunei, Laos, Myanmar, and Cambodia
CRIF, a global company specializing in credit bureau, business information and credit solutions, has announced today the acquisition of all shares in Dun & Bradstreet Vietnam.
CRIF has been Dun & Bradstreet’s Worldwide Network (WWN) partner since 2009 after acquiring its operations in Italy and later in Turkey, the UAE and Egypt. With this announcement, the relationship will expand to cover Vietnam and nearby markets, including Brunei, Laos, Myanmar, and Cambodia. The acquisition will strengthen CRIF’s industry-leading position in the field of business and credit information and risk management solutions in the Association of Southeast Asian Nations (ASEAN) region.
CRIF has an existing and strong consumer business in Vietnam, where it has been operating since 2010 when it was selected by PCB Investment JSC as its strategic partner to develop the first world-class credit bureau of the country. In 2017, CRIF strengthened its position in PCB, increasing its shares to 53.1%.
The acquisition of Dun & Bradstreet Vietnam is part of CRIF’s global strategy, with increasing investments over recent years, and the commitment to provide the Southwest Asian market as well as international clients with greater added-value services and products. The solutions offered by CRIF and its subsidiaries worldwide will make it possible to respond more effectively to the needs of an increasingly demanding market in terms of advanced solutions and IT flexibility. Moreover, CRIF’s decision support systems and software solutions combined with Dun & Bradstreet data and risk management solutions will help global clients optimize existing business processes in a very efficient and innovative way and strengthen relationships with other countries in Asia.
“Thanks to this deal, our goal is to reinforce our presence in one of the fast-growing economies in the world. By combining the strength of CRIF’s resources in the region with Dun & Bradstreet Vietnam operations, we will be able to provide greater opportunities for growth and innovation in ASEAN countries and further increase our focus on cross-market services to better serve our national and international clients,” said Carlo Gherardi, President and CEO of CRIF.
“Our global strategy is built on developing new synergies to strengthen our value proposition and having the best local and global data available to our customers in every market. Thanks to our risk assessment and decision management solutions Asian companies will be able to increase their profitability by managing their business partners with greater confidence in a very complex and challenging environment,” commented Lamberto Barbieri, Asia Managing Director of CRIF.
For more about Dun & Bradstreet, visit DNB.com - dnbvietnam.com