TransUnion announced today its agreement to purchase Callcredit, the second largest and fastest growing consumer credit bureau in the U.K.
Founded in 2000, Callcredit is a U.K.-based information solutions company that, like TransUnion, provides data, analytics and technology solutions to help businesses and consumers make informed decisions.
Callcredit and TransUnion have a lot in common with strong synergies across business models and solutions, and we share a commitment to using information to benefit consumers, customers and global economies.
TransUnion is already providing solutions for businesses in 33 countries, and this acquisition introduces our brand and products to a new market, expanding our global footprint to the U.K. Callcredit has a great record of growth and innovation in both core credit and emerging solutions, and we look forward to integrating our expertise and products to deliver greater value across all the markets we serve.
With each growth opportunity, we’re committed to continuing to make a difference to the consumers and businesses we serve using information and providing products to help people make better decisions that can transform their lives, fuel thriving economies and increase financial inclusion around the world.
We are looking forward to sharing more information once we obtain regulatory approval to finalize the transaction, which we expect late in the second quarter or early in the third quarter.