NCO Group, Inc., a Harsham, Penn.-based provider of business process outsourcing services, completed the acquisition of Complete Credit Management Limited from Severn Trent Services Group through its pan-European subsidiary, NCO Europe Limited. NCPO Group is backed by One Equity Partners.
NCO Group, Inc. (“NCO” or the “Company”), a leading provider of business process outsourcing services, announced today that its pan European subsidiary, NCO Europe Limited, completed the acquisition of Complete Credit Management Limited (“CCM”) from Severn Trent Services Group. CCM is a leading supplier of credit management and specialized collection services focusing predominantly on the utility sector in the United Kingdom.
Commenting on the acquisition, Nick J. Ford, Managing Director of NCO Europe Limited, stated, “The CCM transaction presents NCO with a unique opportunity to continue its expansion into new sectors of the European market.”
About NCO Group, Inc.
NCO Group, Inc. is a leading global provider of business process outsourcing services, primarily focused on accounts receivable management and customer relationship management. NCO provides services through over 100 offices throughout North America, Asia, Europe and Australia.
Certain statements in this press release, including, without limitation, statements as to the impact from acquisitions, statements as to NCO’s or management’s beliefs, expectations or opinions, and all other statements in this press release, other than historical facts, are forward-looking statements, as such term is defined in the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Forward-looking statements are subject to risks and uncertainties, are subject to change at any time and may be affected by various factors that may cause actual results to differ materially from the expected or planned results. In addition to the factors discussed above, certain other factors, including without limitation, risks related to the economy, the risk that NCO will not be able to implement its business strategy as and when planned, the risk that NCO will not be able to realize operating efficiencies in the integration of its acquisitions, risks related to NCO’s significant level of debt, risks of future impairment charges to our goodwill, intangible assets and purchased accounts receivable, risks related to union organizing efforts at the Company’s facilities, risks related to past and possible future terrorists attacks, the risk that NCO will not be able to improve margins, risks relating to growth and acquisitions, risks related to fluctuations in quarterly operating results, risks related to the timing of contracts, risks related to international operations and other risks detailed from time to time in NCO’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2008, can cause actual results and developments to be materially different from those expressed or implied by such forward-looking statements. The Company disclaims any intent or obligation to publicly update or revise any forward-looking statements, regardless of whether new information becomes available, future developments occur or otherwise.