CRIF Acquires Deltavista's Operations in Switzerland and Austria

CRIF GmbH has acquired the operations of Deltavista in Switzerland and Austria, according to a company announcement on November 11, 2011. This acquisition is intended to further strengthen CRIF's leading position in credit information and risk management solutions across continental Europe.

The purchase of Deltavista Switzerland and Austria is part of CRIF's ongoing investments in retail credit lending solutions aimed at delivering greater added value to its clients. The acquired operations will be integrated into CRIF as fully owned subsidiaries, retaining approximately 100 employees who will continue their current roles.

Thomas Stämpfli, founder and Chairman of Deltavista Group, stated that the divested companies will benefit from CRIF's product portfolio, network, and reputation, enhancing their offerings and accelerating growth. He also indicated that Deltavista will focus on developing its operations in Germany and Poland.

Carlo Gherardi, President and CEO of CRIF, commented that the integration of CRIF and Deltavista solutions will provide added value to customers and supports CRIF's global strategy to solidify its leading position in the European credit market. He highlighted shared commitments to innovation and customer service.