Press
Lindorff acquires Dausend Group in Germany
20.12.2007
Lindorff acquires the Dausend Group, a Cologne-based provider of debt collection and portfolio acquisition services.
“The acquisition of the Dausend Group is in line with Lindorff's growth
strategy and will be a first step through which we will contribute to the
consolidation of the receivables management industry in Germany”, says Mr.
Urs Baumann, CEO of Lindorff Group.
Lindorff Group is a leading provider of outsourced receivables management services in Europe. Lindorff has operations in Norway, Sweden, Denmark, Finland, Lithuania, Latvia, Holland, Russia and Estonia. The company, headquartered in Oslo, Norway, is particularly strong in providing ORM services to banks and other financial institutions.
Drawing on the models for professional debt collection, developed and refined in the Nordic countries, Lindorff has the stated ambition of expanding into new markets. Germany is one of the most significant markets in Europe for Lindorff Group and offers opportunities for further development of all the Group services.
“Lindorff has already acquired a portfolio of overdue bank claims in Germany and insourced the former European Helly Hansen accounting service centre in Munich. Dausend Group is our next step in building a business platform in Germany”, says Mr. Baumann.
Dausend Group has 83 employees in Cologne, Germany, and forecasts revenues of MEUR 10 in 2007. The group offers both pre-legal and legal collection services.
“We are very pleased to be part of the Lindorff Group. As a part of a large European player, we will have ample opportunities to further expand our position in the German market,” says Mr. Hartlieb Dausend, CEO of Dausend Group.
About Lindorff:
Lindorff Group is a leading outsourced receivables management provider in Europe, and one of the leading on a global basis. Lindorff posted revenues of over MEUR 303 million in 2006 and has approx 1800 employees in Norway, Denmark, Sweden, Estonia, Latvia, Lithuania, Russia, The Netherlands and Finland. Lindorff has a lot of experience with industries such as banking, finance, insurance, telecom, utilities and credit trade.
About Dausend:
Dausend Group is a midsize German debt collection company at Cologne with about 83 employees founded in 1992. During the past years the group grew rapidly due to customer fitted offerings all over Germany. The business aim is focused on one hand on pre-legal- and legal debt collection in the telecommunication and the trade business as well and on the other hand on portfolio acquisition services .in the above mentioned industries.
Contact:
Dausend CEO, Mr. Hartlieb Dausend, mobile +49 1702204260, email: hartlieb.dausend@dausend.de
Lindorff SVP Group Communications, Mr. Arve Paulsen, mobile +47 90117005, email: arve.paulsen@lindorff.com
Lindorff Group is a leading provider of outsourced receivables management services in Europe. Lindorff has operations in Norway, Sweden, Denmark, Finland, Lithuania, Latvia, Holland, Russia and Estonia. The company, headquartered in Oslo, Norway, is particularly strong in providing ORM services to banks and other financial institutions.
Drawing on the models for professional debt collection, developed and refined in the Nordic countries, Lindorff has the stated ambition of expanding into new markets. Germany is one of the most significant markets in Europe for Lindorff Group and offers opportunities for further development of all the Group services.
“Lindorff has already acquired a portfolio of overdue bank claims in Germany and insourced the former European Helly Hansen accounting service centre in Munich. Dausend Group is our next step in building a business platform in Germany”, says Mr. Baumann.
Dausend Group has 83 employees in Cologne, Germany, and forecasts revenues of MEUR 10 in 2007. The group offers both pre-legal and legal collection services.
“We are very pleased to be part of the Lindorff Group. As a part of a large European player, we will have ample opportunities to further expand our position in the German market,” says Mr. Hartlieb Dausend, CEO of Dausend Group.
About Lindorff:
Lindorff Group is a leading outsourced receivables management provider in Europe, and one of the leading on a global basis. Lindorff posted revenues of over MEUR 303 million in 2006 and has approx 1800 employees in Norway, Denmark, Sweden, Estonia, Latvia, Lithuania, Russia, The Netherlands and Finland. Lindorff has a lot of experience with industries such as banking, finance, insurance, telecom, utilities and credit trade.
About Dausend:
Dausend Group is a midsize German debt collection company at Cologne with about 83 employees founded in 1992. During the past years the group grew rapidly due to customer fitted offerings all over Germany. The business aim is focused on one hand on pre-legal- and legal debt collection in the telecommunication and the trade business as well and on the other hand on portfolio acquisition services .in the above mentioned industries.
Contact:
Dausend CEO, Mr. Hartlieb Dausend, mobile +49 1702204260, email: hartlieb.dausend@dausend.de
Lindorff SVP Group Communications, Mr. Arve Paulsen, mobile +47 90117005, email: arve.paulsen@lindorff.com
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Press contact
Arve Paulsen
- SVP Group Communications
- Phone: +47 23 21 18 18
- Mobile: +47 90 11 70 05
- Fax +47 23 21 11 00
- arve.paulsen@lindorff.com
