Experian continues on acquisition trail
Nottingham-based Experian has made its second acquisition in a week. The data analysis company has bought LM Group, based in Ollerton, Nottinghamshire.
LM Group, which trades as Riskdisk, provides commercial credit information to small and medium sized businesses in the UK.
The company is an existing partner of Experian.
Experian said its acquisition of LM Group was part of its strategy "to further penetrate new customer segments".
In the year to 31 October 2010, revenue for LM Group was £7m.
The company was acquired from its founding shareholders and senior employees, and will form part of Experian's Credit Services activities in the UK. The acquisition was funded from Experian's existing cash resources.
Last week, Experian announced it was to enter the Brazilian market by acquiring Virid Interatividade Digital.
