TransUnion Completes Acquisition of Majority Share of CRBAfrica
Johannesburg, South Africa –4 June 2012 – TransUnion Corp., a leading global provider of information management and risk management solutions, announced today that it has completed its previously announced purchase of a majority share in CRBAfrica, a credit risk management organisation with a presence in eight countries across Africa.
The acquisition significantly expands TransUnion’s footprint in Africa. Building on its existing presence in South Africa, Namibia, Botswana, Zimbabwe and Swaziland, TransUnion can now enhance operations in Botswana and extend its footprint into Kenya, Mozambique, Malawi, Rwanda, Tanzania, Uganda and Zambia, bringing a wide range of credit reporting and risk management solutions to these emerging markets. Terms of the transaction were not disclosed.
“TransUnion looks forward to working with CRBAfrica as we continue to accelerate potential economic growth for businesses and consumers within Africa,” said Edward Khoury, Group CEO TransUnion Africa. “We will continue to leverage CRBAfrica’s experience and relationships within these countries to introduce the many benefits of credit information and what it can bring to the local markets.”