Alektum Group Acquires Credit Management Company in Belgium

Alektum Group has acquired the Belgian division of Vesting Finance, a credit management company and subsidiary of Arrow Global Group PLC. The acquisition was effective 31 December 2018.

The agreement will contribute to a significant expansion of Alektum Group’s capabilities in Belgium, thus enabling Alektum Group to further enhance its offering towards customers in the area.

"The acquisition of Vesting Finance NV, the third largest player in the Belgian market, is an integral part of our growth strategy. By capitalising on operating synergies, we see a huge potential for increased operational efficiency and a broader range of high-quality services for our customers,” says Mats Augurell, CEO of Alektum Group. “Vesting Finance NV is a well-run operation both in terms of profitability and customer satisfaction, and the acquisition will help us realise growth in the region.”

“This acquisition will position us as one of the major players in the Belgian market. It adds to our operational capabilities, strengthens our local presence, expands our customer base and brings knowledgeable, experienced people to the company,” says Jan Verrept, Country Manager Alektum Group, Belgium. “I look forward to welcoming the Vesting Finance NV team. Together, we will leverage our competences and resources to shape a prosperous future for the company.”

“We are excited to become a part of Alektum Group, an innovative European company providing financial services, that shares our strong customer commitment, core values and business model,” says Sofie Verschraegen, Sales Director at Vesting Finance NV “We are certain that together we will be able to provide our customers with high quality, competitive services, tailormade for future market needs.”

For more information, please contact:

Mats Augurell, CEO
Mats.Augurell@alektumgroup.com, +46 708 79 90 32

Jan Verrept, Country Manager, Belgium
Jan.Verrept@alektumgroup.com, +32 3 303 24 69

Sofie Verschraegen, Sales Director, Vesting Finance NV
S.Verschraegen@vestingfinance.be, +32 477 36 46 68

About Vesting Finance NV
Vesting Finance NV is an expert in Credit Management Services in Belgium. As part of the internal organisation of these businesses, we provide advice on and take over (parts of) certain processes. The objectives of our customers with regard to risk management and cash management are key. Flexible IT systems support our customers through all stages of the end-to-end service: from customer acceptance through to payment. Thanks to our smart use of data, we are successful and efficient. However, the real difference lies with our dedicated professionals. Tailored and quality processes are important pillars within our service. Our work is accurate, transparent and solution-based.