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Dublin-based credit checking company Experian has acquired Colombian credit services information provider Computec for 736bn pesos (US$400mn), the former said in a press release.
Computec is the leading credit bureau in the Colombian market, with operations in Venezuela, where it controls the only credit bureau, and is beginning to develop an office in Peru.
In the year ended December 31, 2010, the firm generated consolidated revenue of 157bn pesos and consolidated income of 41.7bn pesos.
This is Experian's second acquisition in the Latin American market, after purchasing Brazilian credit information firm Serasa back in 2007. The firm now operates under the Serasa Experian brand.
The deal is subject to regulatory approval and the launching of a delisting tender offer, expected to be completed in the second half of the year.