05.07.2016 | Hamburg
On 1 July 2016, the international EOS Group acquired 100% of the shares in debt collection service provider Contentia in France and Belgium. The EOS Group already has a successful debt collection company in each of the two countries.
"With the takeover of Contentia, EOS is reinforcing its position as one of the leading providers of receivables management on the French and Belgian markets,” says Dr Andreas Witzig, Member of the EOS Group’s Board of Directors with responsibility for Western Europe.
The products and customer segments of EOS and Contentia complement one another perfectly. EOS Credirec in France and EOS Aremas in Belgium specialise in the banking and consumer finance segments. Having Contentia as its partner will enable EOS to extend its range of services, for example with a view to expanding collections in the utility, healthcare and telecommunications segments. But it is not just in the local markets that this additional area of business represents an important gain for EOS. “Thanks to our international network, customers worldwide will benefit from the diversification of our services in France and Belgium,” says Dr Witzig.
Contentia is one of the top three debt collection companies on the French and Belgian markets and has an excellent reputation. The sale to the EOS Group opens up real opportunities for growth for Contentia and boosts the company’s competitiveness. “As part of the EOS Group, Contentia will have access to new markets and can increase its market share,” explains Eric Platiau, Chief Executive of Argosyn, the company selling Contentia. The sale follows the company’s decision to withdraw from the debt collecting business, which is neither a core activity nor a strategic growth area for the financial services provider.
EOS is a member of the Otto Group and Otto Group also holds the majority in Argosyn. Until now, however, the two companies have been working independently of one another. With Contentia as part of the EOS Group, the debt collection companies can implement a common strategy in the relevant markets.