Short Hills, N.J., United States:
Dun & Bradstreet Holdings, Inc. (“Dun & Bradstreet” or the “Company”) (NYSE:DNB), a number one international supplier of enterprise decisioning information and analytics, via its subsidiary Dun & Bradstreet Holdings BV, at present introduced that it has entered right into a definitive settlement to buy the excellent shares of Bisnode Business Information Group AB (“Bisnode”), a number one European information and analytics agency and long-standing member of the Dun & Bradstreet Worldwide Network. The estimated buy value upon closing is 7.2B SEK or roughly $818 million USD. The transaction is predicted to shut in January 2021, topic to required regulatory approvals and customary closing circumstances.
“We are pleased to bring Bisnode into the Dun & Bradstreet family following a nearly two-decade strategic alliance,” stated Anthony Jabbour, Chief Executive Officer at Dun & Bradstreet. “The powerful combination of our data, analytics and innovative solutions, paired with Bisnode’s deep client relationships and expertise in European markets will provide our existing and future clients with vital business intelligence to support their own growth ambitions. We look forward to welcoming the Bisnode team to Dun & Bradstreet and to working together to grow the global business.”
As Dun & Bradstreet unites the 2 complementary organizations after a profitable 17-year alliance, it builds on the sturdy foundations of the connection to ship quite a few strategic advantages that align to the Company’s beforehand acknowledged progress goals:
- The acquisition positions Dun & Bradstreet to quickly increase throughout the Scandinavian, DACH (Germany, Austria and Switzerland) and central European nations.
- Upon transaction shut, Dun & Bradstreet will add over 110,000 Bisnode prospects to its consumer base, starting from small companies to massive enterprises, together with having direct entry to almost 50 Global 500 firms headquartered in Bisnode territories.
- The deal offers direct entry to Bisnode’s 33 million information from 550+ sources all through Europe, contributing to the dimensions, depth, range and accuracy of the Company’s continuously increasing Data Cloud that comprises complete info on greater than 360 million complete companies.
- Upon transaction shut, the Company plans to quickly introduce its trendy Finance & Risk and Sales & Marketing options at scale to purchasers throughout Europe, offering very important enterprise intelligence to assist them compete, thrive and develop.
- With deep business roots, a long-established alliance and native European experience, the Dun & Bradstreet and Bisnode groups are well-positioned to comprehend operational efficiencies and hit the bottom working upon transaction shut.
“Integrating our two leading organizations provides significant opportunity to deliver a broader product set to a substantially larger global client base. As the international business community becomes increasingly data-driven, we look forward to combining our teams to unlock further potential, drive innovation and deliver solutions that are tuned to client and market needs,” stated Neeraj Sahai, President of Dun & Bradstreet International.
Upon the shut of the transaction and to additional assist its progress agenda, Dun & Bradstreet will set up an International Strategic Advisory Board which will likely be led by Sahai with inclusion of Jonas Wiström, Chief Executive Officer for Ratos AB.
“Over the previous years, Bisnode has undergone a profitable improvement the place the main target has been on stability and profitability. Future progress geared toward taking a number one place requires that Bisnode take part within the consolidation that’s going down within the more and more international marketplace for information and analytics. We are satisfied that Dun & Bradstreet is the absolute best associate to guide this consolidation. The mixed strengths of our property and capabilities will tremendously serve our respective purchasers, improve competitiveness and place Dun & Bradstreet/Bisnode for long-term progress. I sit up for becoming a member of the Dun & Bradstreet International Strategic Advisory Board,” stated Wiström.
Upon the shut of the transaction, it’s anticipated that 75% of the consideration can be paid in money and 25% of the consideration can be paid in newly issued shares of frequent inventory of the Company in a personal placement.
Conference Call and Webcast Information
Dun & Bradstreet will host a convention name on October 8, 2020 at 8:30 a.m. ET to evaluation the main points of the transaction. The convention name might be accessed reside over the cellphone by dialing 877-407-9208, or for worldwide callers 201-493-6784. A replay will likely be obtainable from 11:30 a.m. ET on October 8, 2020, via October 15, 2020, by dialing 844-512-2921, or for worldwide callers 412-317-6671. The replay passcode will likely be 13711527.
The name can even be webcast reside from Dun & Bradstreet’s Investor Relations web site at https://investor.dnb.com. Following the completion of the decision, a recorded replay of the webcast will likely be obtainable on the web site.
About Dun & Bradstreet
Dun & Bradstreet, a number one international supplier of enterprise decisioning information and analytics, allows firms all over the world to enhance their enterprise efficiency. Dun & Bradstreet’s Data Cloud fuels options and delivers insights that empower prospects to speed up income, decrease value, mitigate threat, and remodel their companies. Since 1841, firms of each measurement have relied on Dun & Bradstreet to assist them handle threat and reveal alternative.
Bisnode is a number one European supplier of information and analytics specializing in customizing credit score, enterprise and market info that makes it simpler for companies to make sensible selections. Headquartered in Stockholm, Sweden, and using about 2,000 folks, Bisnode is the biggest strategic alliance of Dun & Bradstreet, masking the Scandinavian, DACH and central Europe areas.
This press launch comprises forward-looking statements that contain numerous dangers and uncertainties. Statements that aren’t historic details, together with statements concerning expectations, hopes, intentions or methods concerning the long run are forward-looking statements. Forward-looking statements are primarily based on Dun & Bradstreet administration’s beliefs, in addition to assumptions made by, and knowledge presently obtainable to, them. Because such statements are primarily based on expectations as to future monetary and working outcomes and usually are not statements of truth, precise outcomes might differ materially from these projected. Dun & Bradstreet undertakes no obligation to replace any forward-looking statements, whether or not because of new info, future occasions or in any other case. The dangers and uncertainties that forward-looking statements are topic to incorporate, however usually are not restricted to: (i) our potential to consummate the acquisition of Bisnode, together with receipt of regulatory approvals and satisfaction of every other circumstances to closing; (ii) an outbreak of illness, international or localized well being pandemic or epidemic, or the worry of such an occasion (such because the COVID-19 international pandemic), together with the worldwide financial uncertainty and measures taken in response; (iii) the short- and long-term results of the COVID-19 international pandemic, together with the tempo of restoration or any future resurgence; (iv) our potential to implement and execute our strategic plans to remodel the enterprise; (v) our potential to develop or promote options in a well timed method or keep consumer relationships; (vi) competitors for our options; (vii) hurt to our model and status; (viii) unfavorable international financial circumstances; (ix) dangers related to working and increasing internationally; (x) failure to stop cybersecurity incidents or the notion that confidential info just isn’t safe; (xi) failure within the integrity of our information or methods; (xii) system failures and/or personnel disruptions, which may delay the supply of our options to our purchasers; (xiii) lack of entry to information sources; (xiv) failure of our software program distributors and community and cloud suppliers to carry out as anticipated or if our relationship is terminated; (xv) loss or diminution of a number of of our key purchasers, enterprise companions or authorities contracts; (xvi) dependence on strategic alliances, joint ventures and acquisitions to develop our enterprise; (xvii) our potential to guard our mental property adequately or cost-effectively; (xviii) claims for mental property infringement; (xix) interruptions, delays or outages to subscription or cost processing platforms; (xx) dangers associated to buying and integrating companies and divestitures of present companies; (xxi) our potential to retain members of the senior management crew and appeal to and retain expert workers; (xxii) compliance with governmental legal guidelines and laws; (xxiii) dangers related to our construction and standing as a “controlled company;” and (xxix) the opposite elements described below the headings “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note Regarding Forward-Looking Statements” and different sections of our closing prospectus dated June 30, 2020 and filed with the Securities and Exchange Commission on July 2, 2020, within the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and the Company’s subsequent filings with the Securities and Exchange Commission.