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Experian pays $416m for the majority of Computec
EXPERIAN, the Dublin-based credit information group, has agreed to buy a controlling stake in Computec, a leading Columbian credit services company, in an all cash deal valued at approximately $416m (£252m).
Experian said yesterday morning that the acquisition will further strengthen its Latin American presence and build on its strong market position in Brazil.
In the half year to 30 September 2010, revenues from Experian’s Latin American division totalled $350m, up from $255m a year earlier.
Computec, a publicly listed company on the Colombian stock exchange, runs the most extensive database in Colombia providing fraud prevention services and credit reports.