Author: Sebastian Storm Pallesen

Yesterday we held Collectia Day 2022, where we met with our clients and suppliers for an exciting and eventful day filled with good speakers, which we enjoyed in good surroundings.

Back in March, we were pleased to announce that we had acquired Kredinor in Denmark as a part of our expansion strategy. We are pleased once again because we are welcoming yet another strong player to the Collectia Family. This time we are strengthening our position in the Norwegian market, where we have acquired the well-established debt collection company, Equity Gruppen AS. In recent years, the company has proven to be a fast-growing company with a focus on digitization and good IT integrations for various accounting programs – an approach that Collectia generally possesses, as we also see the clear link between invoicing services and the subsequent follow-up.

As previously communicated, Collectia Group already owns the Norwegian debt collection company Crone AS. The companies will merge and become Collect AS. The merger will enable Collectia to establish itself as an even more solid and stronger player in the Norwegian market, where we already serve many customers.

“We see the acquisition of Equity Group as a huge opportunity for all parties. The synergy effect of this makes it possible to take larger shares of the Norwegian and Nordic markets – while at the same time safeguarding the values ​​that underlie the two companies,” says Otto Havneraas, CEO of Crone AS.

How Does it Affect the Customers?

For customers who do not use our Norwegian department to recover Norwegian claims, the acquisition has no effect. But for those, who use the Norwegian department, will experience a better service in the form of optimized and streamlined collection solutions. Christian la Cour Valentin, CEO of Collectia Group, adds:

“The Equity Group is a very attractive partner for Collectia to acquire and diversify our Norwegian presence. We are pleased to welcome the Equity Group to the Collectia Group and believe that we can deliver even better products and services across our markets together.”

It is with great pleasure that we can inform you, that we on the 31st of March acquired the Danish part of Kredinor (formerly known as KIS) as part of our ambitious expansion strategy.

At Collectia, we are incredibly proud to welcome another strong player to the Collectia Family. We are convinced that the acquisition will complement our existing business, positively support our further development, and create even more value for our customers.

We are getting about 40 new but experienced colleagues who will add new knowledge and additional manpower to our growing organization, as well as further strengthen our position in the Danish market. We believe that there is a great similarity between our values, corporate culture, and business conduct, which is just one of the reasons why Kredinor is a strategically good match.

We will focus on exploiting the underlying synergies, but at the same time continue with the things that Kredinor and Collectia are each good at.

How does the acquisition impact the customers?

We continue the business as before. This means that the case processing continues unhindered, and we will make sure that the customers are kept up to date on an ongoing basis. The acquisition will only have a positive impact on our customers. We will optimize our current solutions and be able to provide an even better service in the future.

At Collectia and Kredinor, we look positively ahead, as we see integration as a fantastic opportunity to offer the Danish market an even better product.

We are also opening an office in Finland

The Kredinor acquisition is part of our growth strategy in Denmark, but we are also expanding our business in our other markets – most recently with the acquisition in Germany. At the beginning of the year, we added the German company Dr. Duve Inkasso into our group. Now we are also able to announce that we will have our own office in Finland per. April 12th, 2021. Thus, we will also be able to service our customers who have customers in Finland with our own office.