Experian has completed its acquisition of a consumer and commercial credit reporting agency. millionA$820 million.
illion CEO John Banfield will step down after the acquisition closes.
The acquisition includes illion’s team, data, software and intellectual property across Australia and New Zealand.
uniting illion’s 500 employees; Experian It is expected to create integrated businesses, expand market choice, and provide data-driven solutions to businesses and consumers.
Illion’s product portfolio, data assets and customer base complement Experian’s existing capabilities.
Andrew Black, who has led Experian’s operations in the region for the past seven years, will oversee the combined entity with a focus on integration efforts and future growth.
Experian has established a five-year strategic plan to maximize the value of its combined team and resources.
The first phase prioritizes balancing speed and customer service continuity.
The rebranding under the Experian name is expected to take place within 12 months, although some of illion’s established product names are likely to be retained.
Experian EMEA and Asia Pacific CEO Malin Holmberg said:
“Andrew Black, who has successfully led the Australian and New Zealand business for the past seven years, will provide leadership for the combined organization and oversee strategic integration and growth plans leveraging our global innovation. Masu.”
Experian A/NZ CEO Andrew Black added:
“Today is a historic day for our business, our employees and our customers, but it is just the beginning.
Through this acquisition, we aim to continue our growth trajectory in Australia and New Zealand, significantly expanding our market and bringing new capabilities that redefine what a data-driven technology business can be. . ”
Featured image credit: Edited from freepic
