Experian, the global information services company, has agreed to buy Compuscan (CSH Group (Pty) Limited), one of the leading credit bureau and information services businesses in Africa for $263 million.
Brian Cassin, Chief Executive Officer said: “We are delighted to announce that Experian has agreed to acquire Compuscan. We have a long track record of investment in South Africa, where for many years we have helped businesses thrive through the provision of credit data and decisioning tools.”
Compuscan was founded in 1994 and is one of the leading providers of credit information and decision analytics in South Africa, with operations across seven key areas in Sub-Saharan Africa.
The deal, subject to approval by the South African Competition Commission, is due to complete during the first quarter of financial year ending 31 March 2020.
Experian (EXPN) employ 16,500 people across 39 countries and are listed on the FTSE 100.