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Integrated management of Lindorff Spain and Aktua

Press Release   •   Jan 17, 2017 09:57 GMT

Alejandro Zurbano, head of combined Spanish organization and Enrique Dancausa Global Head of Real Estate Services in Lindorff Group

Alejandro Zurbano, currently managing director of Lindorff Spain, has been appointed leader of a combined management and service organization of Aktua and Lindorff Spain. Through this he becomes the country manager of the total business of Lindorff Group in Spain. Zurbano will as in charge of leading the organizational integration process following the recent acquisition of Aktua by Lindorff in June 2016. Lindorff Spain and Aktua will continue as separate legal entities with their respective Board of Directors, but with a joint management and service organization.

Enrique Dancausa will become Head of a new unit, Real Estate Services of the total Lindorff group. Dancausa will be responsible for developing Lindorff Group’s international strategy within real estate asset management, an area that has been successfully implemented in Spain in the last few years.

 - Spain is a growth market and important for Lindorff. By combining forces with Aktua, we not only become stronger in Spain, but we also add a whole new and exciting business segment to the total Lindorff group, Real Estate Servicing, say Klaus-Anders Nysteen, CEO Lindorff Group.

 - With Enrique Dancausa in the lead, Real Estate Servicing will become a fundamental part of the global strategy of Lindorff Group. We are very enthusiastic about the launch of this initiative that in Spain has achieved great results, says Nysteen.

 - The integration of management and service organizations of Lindorff Spain and Aktua is a step forward in Lindorff Group’s strategy in Spain and we think that Alejandro Zurbano is the right person to lead this process, securing continued first class service to our clients, concludes Nysteen

After Lindorff’s acquisition of Aktua last year, Banco Santander maintains a 15% shareholding. There are no plans to change this in near future.

The management teams of both companies have worked together of the past months to define road map for co-operation and alignment that will improve the efficiency and effectiveness of all processes, define synergies at all levels, and secure the sharing of best practices.

 - It’s a privilege to assume the responsibility of this integration project between these two great teams that, in an excellent way, complement each other, says Alejandro Zurbano.

With the integration, Lindorff reinforces and consolidates its leading position in Spain, with a unique service portfolio, giving coverage to the complete debt cycle, providing comprehensive solutions for debt collection, secured and unsecured, as well as asset management.

Combination with Intrum Justitia

The integration of management and service organizations of Lindorff Spain and Aktua is a fundamental step to consolidate and further strengthen their leading positions in Spain. Furthermore, in November 2016, Lindorff and Intrum Justitia announced their intention to combine, creating the industry leading provider for credit management services. The transaction is as previously announced expecting to close in the second quarter of 2017.

About Lindorff

Founded in 1898, Lindorff is the leading full-service European credit management service provider, offering services within debt collection and debt purchase as well as payment and invoicing services.

The company has 4300 employees in 13 countries with headquarters in Oslo, Norway. In 2015 Lindorff generated EUR 534 million in net revenue (2014: EUR 475 million).
Lindorff is majority owned by Nordic Capital Fund VIII. www.lindorff.com

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