Intrum Justitia Creates Strategic Alliance with Coface In France

Intrum Justitia enters into a joint venture with Coface in France. The purpose is to jointly run B2C collection business, currently owned by Coface Services. Coface has global presence with 7 000 employees in 67 countries. The subsidiary Coface Services is a French leader in credit information and credit services.

The joint venture will be based in Lyon and have 50 employees.

“This alliance is in line with our growth strategy and gives us an excellent opportunity to further strengthening our position in the French market”, says Lars Wollung, CEO and President of Intrum Justitia.

“This strategic alliance allows us to even better meet market requirements for effective and innovative solutions. It will lead to improved anticipation of consumer payment behaviors and thus bring enhanced performance to our clients in debt collection services”, says Pascal Labrue, Regional Managing Director Southern Europe.