The Aforti Collections company belonging to the Group, dealing with claims management for companies from the SME sector, has acquired 76.9% of shares in LifeBelt, a Lublin company specializing in, among others, mass debt collection at the request of banks, loan companies, telecoms, and other debt collectors.
The merger of the companies – as a result of which it is assumed that the companies are to operate under the shared Aforti Collections brand – will allow the AFORTI Group, first of all, to efficiently transfer the solutions used in mass debt collection to the SME sector serviced by Aforti Collections. As part of extending the proceeds of the AFORTI Group on the domestic debt collection market, Aforti Collections acquired 300 LifeBelt shares with a nominal value of PLN 1,000 each. The transaction value – due to trade secret – has not been disclosed. The legal and operational merger is planned for the fourth quarter of 2018.
After the companies merge, it is the Aforti Collections experts that are to be responsible for the sales processes. In addition, the same experts are to provide debt collection projects services using the potential of the AFORTI Group shared services centre guaranteeing IT support, accounting and HR services, as well as legal and marketing services. Aforti Collections will also develop a common commercial strategy that will take into account the know-how of both entities and their experience in the debt collection sector. LifeBelt, on the other hand, will complement the personnel structures of Aforti Collections by the inclusion of an experienced team of managers, and provide an innovative, original IT system enabling effective debt collection services for large, small and medium-sized entrepreneurs offering B2B services.
