Dun & Bradstreet Completes Acquisition of Bisnode

0
Dun & Bradstreet Enters Into Agreement to Acquire Bisnode, a Leading European Data & Analytics Business Brandspurng
Dun & Bradstreet Enters Into Agreement to Acquire Bisnode, a Leading European Data & Analytics Business | www.brandspurng.com

Dun & Bradstreet Holdings, Inc., a leading global provider of business decisioning data and analytics, through its subsidiary Dun & Bradstreet Holdings BV, today announced that it has completed its acquisition of Bisnode Business Information Group AB, a leading European data and analytics firm and long-standing member of the Dun & Bradstreet Worldwide Network, for an enterprise value of 7.2B SEK.

The transaction was closed with a combination of approximately $625 million net cash, and 6,237,089 newly issued shares of common stock of the Company in a private placement. Bisnode Belgium NV, a Belgian subsidiary of Bisnode, will remain under Ratos AB ownership.

Dun & Bradstreet Enters Into Agreement to Acquire Bisnode, a Leading European Data & Analytics Business Brandspurng
Dun & Bradstreet Enters Into Agreement to Acquire Bisnode, a Leading European Data & Analytics Business | www.brandspurng.com

Anthony Jabbour, Chief Executive Officer at Dun & Bradstreet said,

“I want to welcome our Bisnode colleagues to the Dun & Bradstreet team. This acquisition represents a wonderful opportunity to strengthen our global portfolio and to bring together unique assets which enable us to better serve our current clients and future prospects,” 

“The Bisnode territories include some of the most strategic countries in Europe and the combination of our data, analytics and solutions will allow us to bolster our international growth strategy. With these combined assets, we are well-positioned to address the needs of clients seeking to grow their business, increase efficiencies and reduce their risk exposure.”

This combination of leading and trusted brands will support businesses during a time in which the challenges of a disruptive macro environment have made data and analytical insights and shifts to digital business even more critical.

The combined businesses, with nearly 250,000 clients collectively, will now be able to provide mission-critical solutions to help clients monitor counterparty risk in order to minimize exposure, while at the same time extending credit and targeting prospect universes of trusted and solvent buyers.

Neeraj Sahai, President of Dun & Bradstreet International said,

“In Bisnode we found a team who shares our mission to help companies compete, grow and thrive. We at Dun & Bradstreet have been supportive of them as prior members of our Worldwide Network, and we are ready to take the next step in our journey together,”

“We look forward to expanding into new, attractive mission-critical business areas and quickly expanding our Dun & Bradstreet solution offerings in the region consistent with our growth strategy. With the guidance of our newly formed International Strategic Advisory Board, we will hit the ground running to deliver for clients both current and prospective.”

With the transaction close, Dun & Bradstreet has established an International Strategic Advisory Board, formed to support the Dun & Bradstreet International leadership team by providing strategic advice.

Read Also:  Africa Men & Women’s Sevens, the two tournaments serving as qualification events for the Games of the XXXII Olympiad, Tokyo 2020

The International Advisory Board is to be Chaired by Neeraj Sahai, with the inclusion of Jonas Wiström, Chief Executive Officer for Ratos AB. Additional appointments to the Board will be announced later in the quarter.

The company will be providing 2021 guidance and the synergy plan for Bisnode at its fourth-quarter earnings call.

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk, and transform their businesses.

Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal the opportunity.