EOS Group acquires Europe Matrix

16 Sep 2005 0 Comentarii

KG EOS Holding GmbH & Co. has acquired a majority stake in the financial services company Europe Matrix Financial Services S.A. with immediate effect. This gives the international financial services company access to the south-eastern European market. The cooperation with Europe Matrix is part of the EOS Group’s expansion strategy. It is now represented in 16 European countries and the USA.

With its new majority holding the EOS Group is strengthening its market position, particularly in its highest-turnover business unit of receivables management: ‘In this segment we are the first international company to open up the Greek market – an important strategic competitive advantage’, explains Hans-Werner Scherer, CEO of the EOS Group. ‘Greece gives us access to a telecommunications market with potential – that’s an important sector in our customer portfolio.’ The financial services company is bringing competence in its three major business units receivables management, cash flow management and information management into the cooperation. It wants to make cross-border transactions the primary goal of the new cooperation.

Since the 1990s, the EOS Group has been realigning its strategy. Besides consistently expanding its product range, the financial services company has opened up international markets, primarily by acquiring stakes in companies. In addition to Germany and the four new countries specified above, the Group is represented in the USA, Switzerland, the Netherlands, Poland, Slovakia, Slovenia, the Czech Republic, Turkey, Hungary, the UK, Austria and Romania.

Georg Kovacs, the local Managing Director of the Romania EOS subsidiary KSI Kasolvenzia Romania, welcomes the acquisition of the Romania subsidiary of Europe Matrix. “The acquisition fits perfectly with our high growth strategy, which has made us the market leader in Romania for accounts receivable management services, with a marketshare of over 44%, in less than 3 years. We expect the acquisition to have a positive effect on both our marketshare and our growth rate, both of which we anticipate to exceed 50% in 2005.”

KSI Kasolvenzia Romania’s clients can benefit from the fact that they have access to customized solutions, mix of accounts receivable management services, focused and specialized resources and a company with a proven international and local track record. KSI Kasolvenzia Romania offers its clients tailor made accounts receivable management solutions. The goal of the integrated solution is to match the business needs and the commercial strategy of a potential partner with the services offered by KSI. The result is a jointly designed solution, which will offer the client the maximum benefits. The company has managed debts worth more than 50 million Euros for companies like Avon, Oriflame, Connex, Orange, Banca Tiriac, Credisson, Garanta and Asiban, allowing them to focuses on growing their core business.

Europe Matrix Financial Services, which operates primarily in the receivables management area, has a customer portfolio in which retail companies and financial institutions such as the National Bank of Greece and EFG Eurobank Ergasias predominate. Building upon a growing customer base, the company has expanded successfully in recent years: on the Balkan market it is rapidly increasing its profits in the banking industry segment.

‘The EOS Group’s international network and the increased liquidity provided by our new, strong partner open up far-reaching prospects for us’, explains Christos Savvides, CEO of Europe Matrix. For example, the company can now add debt purchase to its range of services. Europe Matrix benefits from the EOS Group’s uniform quality standards and the strong international brand. ‘It’s a text-book win-win situation’, is how Scherer sums it up.

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