Transcom closes divestment of Czech Credit Management Services business for EUR 2.1m

Luxembourg, 28 May 2014 – Transcom today announced the divestment of its Czech Credit Management Services (CMS) business to Credit Express Group for €2.1 million. The transaction was simultaneously signed and closed.

This agreement was negotiated in parallel with the divestment of Transcom’s Polish CMS unit, which was closed on May 16, 2014. On a cash and debt free basis, these two transactions are valued at €2.0 million, and will result in a capital loss amounting to approximately €0.5 million.  Further details will be given in Transcom’s Q2 2014 interim report.

The divested Czech CMS business had a turnover amounting to €4.6 million in 2013.

This transaction is in line with Transcom’s strategy to focus on its core business – outsourced customer care solutions (CRM).

For further information, please contact:

Johan Eriksson, President and CEO
Telephone +46 70 776 80 22

Pär Christiansen, CFO
Telephone +46 70 776 80 16

Stefan Pettersson, Head of Group Communications
Telephone +46 70 776 80 88