Europe’s Largest Debt Collector Announces Aggressive Growth Plans

Intrum Justitia AB, Europe’s largest debt collector, announced this week plans to grow through acquisitions in the coming years. The acquisition strategy is designed to increase the company’s presence in Credit Management Services (CMS).

Intrum Justitia offers comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 3,600 employees in 20 markets. Consolidated revenues amounted to almost SEK 5.2.6 billion (approximately $616 million in U.S. Dollars) in 2014. Intrum Justitia AB has been listed on NASDAQ OMX Stockholm since 2002.

The company wants to do “at least two, or more, acquisitions, on average over a few years,” said acting Chief Executive Officer Erik Forsberg in his first full interview since taking over the position from Lars Wollung on Nov. 2 of this year. Earlier, in May, Wollung had set the takeover target at two smaller companies a year, on average, over five years.

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