# TransUnion Announces Agreement to Acquire Callcredit
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-04-21
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: TransUnion Expands International Reach with Acquisition of
Meta Description: Learn about TransUnion's acquisition of Callcredit, the second largest credit bureau in the U.K. and the benefits it brings to businesses and consumers.
URL: https://financedigest.com/transunion-announces-agreement-to-acquire-callcredithtml

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_U.K. acquisition expands TransUnion’s international position_

TransUnion (NYSE: TRU) announced today its agreement to purchase Callcredit Information Group, Ltd., the second largest and fastest [growing consumer](https://www.financedigest.com/sales-revenue-of-tpms-battery-market-to-soar-in-the-near-future-owing-to-growing-consumer-adoption.html "Sales Revenue of Tpms Battery Market to Soar in the Near Future Owing to Growing Consumer Adoption") credit bureau in the U.K., headquartered in Leeds.

Founded in 2000, Callcredit is a U.K.-based information solutions company that, like TransUnion, provides data, analytics and technology solutions to help businesses and consumers make informed decisions.

“TransUnion and Callcredit have strong synergies across our business models and solutions, and we share a commitment to using information to benefit consumers and [global economies](https://www.financedigest.com/imfs-georgieva-sees-darkening-outlook-for-global-economy-rising-recession-risks.html "IMF’s Georgieva sees ‘darkening’ outlook for global economy, rising recession risks") alike,” said Jim Peck, TransUnion’s president and chief executive officer. “Callcredit is an outstanding acquisition for TransUnion, and together, we’ll be a powerful force to deliver value to shareholders, customers and [consumers across all the markets](https://www.financedigest.com/analysis-jpmorgan-goldman-bet-on-tech-to-crack-uk-consumer-market.html "Analysis: JPMorgan, Goldman bet on tech to crack UK consumer market") we serve.”

International expansion is a key [growth strategy](https://www.financedigest.com/camphor-market-in-depth-analysis-growth-strategies-and-comprehensive-forecast-to-2030.html "Camphor Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2030Camphor Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2030") for TransUnion, already doing business in 33 countries. The [company applies its global](https://www.financedigest.com/global-body-urges-eu-to-make-company-life-simpler-by-aligning-climate-reporting.html "Global body urges EU to make company life simpler by aligning climate reporting") operating model to all acquisitions, optimizing business and operational processes. TransUnion’s [innovative global solutions include trended data leader](https://www.financedigest.com/cavai-global-leader-in-conversational-advertising-announces-innovative-launch-of-conversational-video-to-maximise-engagement-and-impact.html "Cavai, global leader in conversational Advertising, announces innovative launch of conversational video to maximise engagement and impact") CreditVision® and consumer empowerment application CreditView®, as well as an array of data, fraud, decisioning, analytics and consumer identity solutions.

“We continue to [drive growth by identifying and investing in attractive international markets](https://www.financedigest.com/football-shoes-market-globally-expected-to-drive-growth-through-2021-2031.html "Football Shoes Market Globally Expected to Drive Growth through 2021-2031"). As a [leader in the world’s](https://www.financedigest.com/queen-elizabeths-death-reaction-from-world-leaders.html "Queen Elizabeth’s death: Reaction from world leaders") second largest credit market, Callcredit certainly fits the model,” said David Neenan, President of TransUnion’s International business. “And, with the [growing trend](https://www.financedigest.com/global-animal-pregnancy-test-kits-market-2021-swot-analysis-drivers-restraints-growing-opportunities-latest-trends-applications-and-forecast-to-2028.html "Global Animal Pregnancy Test Kits Market 2021 SWOT Analysis, Drivers, Restraints, Growing Opportunities, Latest Trends, Applications And Forecast To 2028") of multi-bureau usage in the U.K., we believe this is the right [time to introduce](https://www.financedigest.com/now-is-the-time-for-banks-to-introduce-intelligent-account-analysis.html "Now Is the Time for Banks to Introduce Intelligent Account Analysis") TransUnion into the market.”

With a [strong record of growth](https://www.financedigest.com/lego-posts-strong-growth-on-robust-demand-new-store-openings.html "Lego posts strong growth on robust demand, new store openings") and innovation in both core credit and emerging solutions, Callcredit has achieved strong market success in the U.K. The growth of financial technology (FinTech) and alternative lenders is driving demand for credit [reporting services in markets](https://www.financedigest.com/hair-transplant-services-market-report.html "Hair Transplant Services Market Report") worldwide, including the U.K., and Callcredit and TransUnion are both [positioned well](https://www.financedigest.com/fed-keen-to-be-well-positioned-to-act-on-inflation-other-risks-minutes-show.html "Fed keen to be ‘well positioned’ to act on inflation, other risks, minutes show") to competitively deliver on this demand.

“Investment by a global company with an established track record, [shared values and leadership who recognized our market](https://www.financedigest.com/rare-neurodegenerative-disease-treatment-market-value-share-supply-demand-share-and-value-chain-2021-2031.html "Rare Neurodegenerative Disease Treatment Market Value Share, Supply Demand, share and Value Chain 2021-2031") potential is absolutely the right fit for us and the market,” said Mike Gordon, Callcredit chief executive officer. “We are excited about the future and unique opportunity to elevate our [competitive advantage](https://www.financedigest.com/how-automation-gives-fs-leaders-a-competitive-advantage.html "How automation gives FS leaders a competitive advantage") with TransUnion through our combined innovation and expertise.”

TransUnion agreed to acquire Callcredit for £1 billion, which is approximately $1.4 billion at today’s [exchange rate](https://www.financedigest.com/currency-exchange-how-to-find-the-best-rates.html "Currency Exchange: How to Find the Best Rates"). The acquisition is anticipated to close late in the second quarter or early in the [third](https://www.financedigest.com/delivery-hero-sees-higher-gross-merchandise-value-in-third-quarter.html "Delivery Hero sees higher gross merchandise value in third quarter") quarter pending regulatory approval.


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