Lowell GFKL Group acquires German collections company

Lowell GFKL Group has announced that it has acquired Tesch Inkasso, a German third party collections company.

Lowell GFKL Group, backed by the Permira Funds and Ontario Teachers’ Pension Plan, has entered into an agreement to acquire Tesch Inkasso Group from Avedon Capital Partners and the other existing shareholders. Closing is subject to certain regulatory approvals.

Tesch Inkasso specialises in utilities collections and has a strong presence in the Insurance, Financial Services, eCommerce, Telecoms, Travel and Public sector.

James Cornell, Chief Executive Officer of Lowell GFKL Group, said: “I’m very pleased to welcome Thomas and the team at Tesch Inkasso to our Group. This combination significantly strengthens our collective position in Germany and, together with our pioneering approach to consumer insight, gives us the platform to serve even more clients  and consumers with our products and services, which span the credit management value chain.”

More information on the acquisition can be found here.