Setting a new course for expansion at the European level: Creditinfo SCHUFA GmbH – a joint venture for credit information
Wiesbaden (Germany), December 18th, 2008. SCHUFA Holding AG, a leading service
provider for credit information in Germany and Creditinfo Group hf., a leading
provider of risk management solutions in eleven European countries, will combine
their competences in a joint venture in the future. In this new enterprise, the companies
will offer credit information services and data on creditworthiness as well as
value added services such as software solutions throughout most of Europe in the
short-term. The name of the new company is Creditinfo SCHUFA GmbH and the
company will be located in Wiesbaden/Germany. This decision was made by the Supervisory
Board of SCHUFA Holding AG and the management of Creditinfo Group.
“In a world that is becoming more economically linked, it is strategically consistent for
SCHUFA to use its competencies across borders and expand its business activities.
With the internationally experienced partner Creditinfo Group at our side, I see tremendous
potential for successful cooperation in the new joint-venture business
model in the years to come”, explained Dietmar P. Binkowska, Chairman of the Supervisory
Board of SCHUFA Holding AG. SCHUFA’s Chief Executive Officer Rainer
Neumann added: “With the combination of SCHUFA’s industry and product experience
and the broad geographic alignment of Creditinfo Group, we want to be able to
provide our services to customers all over Europe.”
Reynir Grétarsson, Chief Executive Officer of Creditinfo Group hf. explained: “It is
significant that a respected leader in credit information is partnering with us; it is
surely an endorsement of our contribution to providing quality risk management solutions
to our customers, and the ethical and innovative manner with which we conduct
business. For Creditinfo, SCHUFA is surely the partner of choice.”
Creditinfo Group hf.
Creditinfo Group was established in Iceland in 1997 and has since been among the fastest
growing companies in its industry, with average growth between 1998 and 2007 exceeding
50% annually with sales reaching 22€ m. in that year. The company offers diversified services
in the area of Credit Risk Management, with information provision as the core of services
including tools for decision making, models and software. Main markets are Centraland
Eastern European markets, but in all the Group has 450 employees in subsidiaries in 11
countries. The company is privately owned.
SCHUFA Holding AG
SCHUFA was founded in 1927 and is the leading information and service partner for the
credit-granting industry in Germany. By providing credit relevant information, the company
helps its customers, including banks, savings banks and retailers, make decisions on the
granting of credit. For consumers, modern shopping thus becomes simple, quick and unbureaucratic.
In 2007, SCHUFA achieved sales of approximately € 89.1 million and had 768 employees.
The group of the SCHUFA Holding AG shareholders is made up of strong and dynamic
partners from banks, savings and loan associations as well as retailers.
For further information please contact:
Marianne McCurdie
Director International Sales and Marketing
Creditinfo Group hf.
Phone: +420 (236) 080 400 88
Fax: +420 (236) 080 402
E-mail: marianne@creditinfo.is
Katrin Haase
Head of Public Relations
SCHUFA Holding AG
Phone : +49 (611) 9278 8
Fax : +49 (611) 9278 887
E-mail : presse@schufa.de
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