Experian announces Computec SA buyout
Experian has announced its buyout offer for Computec SA.
Business negotiations between British credit specialist Experian and Computec SA have ended with the former party making a buyout bid for the majority of its Columbian counterpart.
Approximately $400 million (£242 million) has been offered as part of the sales negotiations, although the deal is still subject to approval from regulatory authorities.
Experian suggested that the acquisition will strengthen its Latin American presence and build on the "leading market position" it currently enjoys in Brazil.
It went on to state that its assessment of the opportunities the buyout would bring contain many similarities to those detailed ahead of its Serasa acquisition in 2007.
"Computec also provides outsource document services to B2B clients such as document design, production and delivery. In addition, Computec owns the only credit bureau in Venezuela and an early stage development bureau in Peru," said Experian.
Earlier in the year, Experian announced that it would be appointing the former director of Lloyds TSB and Bank of Scotland community banks Joy Griffiths as its new managing director for decision analytics.