Dun & Bradstreet Holdings Inc. has acquired a European data and analytics business in a deal valued at about $867 million, it announced Monday.
The Short Hills-based business data company said it has completed its deal for Bisnode Business Information Group AB, through a subsidiary, Dun & Bradstreet Holdings BV. The cash-and-stock transaction included $625 million net cash and 6.24 new shares of common stock.
“I want to welcome our Bisnode colleagues to the Dun & Bradstreet team,” CEO Anthony Jabbour said in a prepared statement. “This acquisition represents a wonderful opportunity to strengthen our global portfolio and to bring together unique assets which enable us to better serve our current clients and future prospects.”
Bisnode’s Belgian subsidiary will remain under current ownership, Ratos AB.
Bisnode’s Belgian subsidiary will remain under current ownership, Ratos AB. Ratos’ CEO, Jonas Wistrom, will join D&B’s newly-created international advisory board, which will be chaired by Dun & Bradstreet International President Neeraj Sahai.
“The Bisnode territories include some of the most strategic countries in Europe, and the combination of our data, analytics and solutions will allow us to bolster our international growth strategy,” Jabbour said. “With these combined assets, we are well-positioned to address the needs of clients seeking to grow their business, increase efficiencies and reduce their risk exposure.”