Divestment of ABC Germany to Avant Invest closed
Bisnode has closed its divestment of ABC Germany, one of the leading German B2B supplier search engines, to the Dutch Avant Invest B.V., which already owns the ABC operations in Belgium, Luxembourg and the Netherlands. Both companies had signed an agreement on July 5, 2012, but the sale was subject to the prior completion of an abbreviated financial year. With this transaction, which is effective retroactively as of August 1, 2012, Bisnode has sold the last company from its product information business area. The group is focussing on growth in its core business areas credit and risk information solutions, marketing solutions and business information solutions.
ABC Germany is the largest German B2B supplier database with more than 4.7 million companies that helps decision makers to find new suppliers and business partners. The company located in Darmstadt employs five people and reported revenue of about 800,000 Euro in 2011. In May 2010, Bisnode had already divested its ABC operations in Belgium, Luxembourg and the Netherlands, which are now also owned by Avant Invest B.V.. Rutger Vinke from Avant Invest has been appointed as new Managing Director of ABC Germany.
“ABC Germany’s advertising based business model has only limited synergies with our core portfolio”, says Lars Pettersson, CEO of Bisnode. “We continue to focus on organic growth in the markets for paid-for digital business information. With Avant Invest B.V. we have found a new owner who shows great interest in developing the company and its employees in the context of an international ABC offering.”
In conjunction with the completion of this transaction, Bisnode is disbanding its business area product information and is now organised geographically in its four regional areas Nordic, Central Europe, DACH and BeNeFra. Fredrik Åkerman who also served as Business Area Director Product Information, will continue his work as CFO for the Bisnode Group. Andreas Haverkorn, who also served as Managing Director for ABC Germany, will continue his work as CFO for the DACH region within Bisnode.
Fredrik Åkerman, CFO and Business Area Director Product Information
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