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Axactor

Axactor

Axactor SE: Acquisition of Credit Recovery Service in Italy

23:41 / 26 October 2021 Axactor Press release

(Oslo, 26 October 2021) Axactor SE (Axactor, OSE: ACR) has today successfully
secured 100% of the shares in the Italian debt collection agency C.R. Service -
Credit Recovery Service S.r.l (CRS).

The company is managed from the headquarter in Grosseto (Tuscany) and has a
contact center in Milazzo (Sicily) with in total 155 employees. After the
transaction Axactor will have a strong footprint with 279 employees in Italy.

CRS is a top-5 independent 3PC-player in the Italian bank and finance segment.
The acquisition supports Axactor's strategy of strengthening the position in
existing countries, improving capabilities on 3PC and preparing for
post-pandemic volumes and new signed contracts in Italy.

"The acquisition will give a fantastic operational platform to enable future
3PC-growth" says Antonio Cataneo, Country Manager, Axactor Italy.

Credit Recovery Service had a total income of EUR 6.2m and an EBITDA of EUR 0.9m
in 2020. The transaction is expected to close by the end of the year.

For additional information, please contact:
Johnny Tsolis, CEO, Axactor, tel: +47 913 35 461, e-mail:
johnny.tsolis@axactor.com
Kyrre Svae, Chief of Strategy & IR, Axactor, tel: +47 478 39 405, e-mail:
kyrre.svae@axactor.com
Oslo Børs

This information was distributed by Oslo Børs https://www.oslobors.no/