Equifax pays £200m for debt firm

Equifax has moved into the debt management sector with the £200m acquisition of TDX Group, one of the UK’s largest debt placement and management platform companies.
The deal will enable Equifax to expand its capabilities within the collections segment and by adding TDX’s technology, software, services and platforms, it will be able to boost its capabilities in other markets.
Equifax claims lenders and creditors across multiple industry sectors will benefit from the combined strength of the global resources and experience of the two businesses.
“Our customers are looking for end-to-end solutions that streamline their collections processes, as well as deeper insights and analytics, to optimize their efforts,” said Paulino Barros, president of Equifax International. “The combination of our expertise in cutting-edge technology and global resources, the common customer relationships we have with TDX, and the unparalleled collections expertise TDX brings, will drive significant revenue growth and move Equifax to the forefront of this growing industry worldwide.”
Founded in 2004, TDX provides businesses with technology, data and advisory solutions to improve debt liquidation and the fair treatment of consumers in financial arrears. Based in Nottingham, TDX is the leader in the UK debt placement and recovery industry and has a rapidly growing global presence.