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  5. Coface Acquires GIEK Kredittforsikring AS

M&A Deal Summary

Coface Acquires GIEK Kredittforsikring AS

On February 5, 2020, Coface acquired insurance company GIEK Kredittforsikring AS

Acquisition Highlights
  • This is Coface’s 1st transaction in the Insurance sector.
  • This is Coface’s 1st transaction in Norway.

M&A Deal Summary
Date 2020-02-05
Target GIEK Kredittforsikring AS
Sector Insurance
Buyer(s) Coface
Deal Type Add-on Acquisition

Target

GIEK Kredittforsikring AS

Oslo, Norway
GIEK Kredittforsikring writes and manages the short-term export credit insurance portfolio that is mostly made of export policies. The company is well-known in the market for the quality of its services to its clients and for the relevance of its pricing model. It also benefits from a solid market presence with the Norwegian exporters. GIEK was formed in 2001 and is based in 2001 and is based in Oslo, Norway.

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Buyer(S) 1

Buyer

Coface

Bois-Colombes, France
Category Company
Founded 1946
Sector Insurance
Employees4,960
Revenue 1.6B EUR (2024)
DESCRIPTION

Coface is a provider of credit insurance products and related services. Coface was founded in 1946 and is based in Bois-Colombes, France.

DEAL STATS #
Overall 1 of 3
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Norway M&A 1 of 1
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-30 Rel8ed

Catharines, Ontario, Canada

Rel8ed is specialized in the integration, cross-referencing, analysis, and inference from big data extracted from multiple sources. The company's customers range from multinational companies, governments, and business associations. It supports Innovate Niagara’s incubator program in Ontario. Rel8ed was formed in 2015 and is based in Catharines, Ontario.

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