TransUnion announced on Monday that it has finalized the purchase of a majority share in CRBAfrica, a credit risk management organization with a presence in eight countries across Africa. Terms of the transaction were not disclosed.
The acquisition “significantly expands” the Chicago-based credit bureau's footprint in Africa. The company can boost operations in Botswana and build its footprint into Kenya, Mozambique, Malawi, Rwanda, Tanzania, Uganda and Zambia, bringing credit reporting and risk management services to the markets, according to company officials.
The deal will grow TransUnion's existing presence in South Africa, Namibia, Botswana, Zimbabwe and Swaziland.
“TransUnion looks forward to working with CRBAfrica as we continue to accelerate potential economic growth for businesses and consumers within Africa,” said Edward Khoury, CEO TransUnion Africa.