Budapest, 23 November 2017
CREDITEXPRESS Group today announced that its 33 % shareholder SVEA EKONOMI acquired the rest of the group’s shares increasing its stock to 100 %.
The two companies already have close relationships for many years. SVEA being not only one of the Shareholders but investor for debt purchase in 9 countries in the Eastern-Central European region where CREDITEXPRESS Group operates.
Balazs Pados will remain CEO of CREDITEXPRESS Group and would not change the actual management team of any of the operations.
CREDITEXPRESS Group was established in 1999. As of today, the Group is one of the largest Debt Recovery Agencies in the Central European Region, employing more than 1.200 people in 11 countries (Croatia, Czech Republic, Hungary, Macedonia, Poland, Romania, Russia, Serbia, Slovakia, Slovenia and Ukraine).
SVEA EKONOMI a leading actor in Northern Europe offering financial and administrative services since 1981 such as portfolio factoring and receivable management services. SVEA has a turnover of approximately 2500 MSEK and more than 1,000 employees in 10 European countries such as Sweden, Norway, Finland, Denmark, Estonia, Latvia, Netherlands, Switzerland, Austria and Germany.
Lennart Agren, SVEA EKONOMI CEO: “The CREDITEXPRESS team is world class and passionate about our business whether it concerns for innovative technologies or training of highly qualified staff. We are welcoming CREDITEXPRESS in our family. We are sure that this news will have positive impact on the market.”
Balazs Pados, CREDITEXPRESS CEO: “SVEA is the perfect fit for us – they are reputable and trustworthy leading financial services provider in the Northern European market since 1981. I see the whole range of new opportunities for development of our operations and business enhancement to serve our Customers.”
Balazs Pados, CEO