Dublin-based global information services firm Experian plc said on Friday that it has agreed to acquire Australian credit risk management firm illion.
The deal for illion, which operates consumer and commercial credit bureaus in Australia and New Zealand, is for a total consideration of up to A$820 million (US$532 million).
The acquisition is subject to regulatory review by the competition authority in Australia which the company anticipates will conclude in the second half of calendar year 2024.
In the first full year of ownership, the company expects the acquisition to add revenues of about A$175 million and Benchmark EBITDA of about A$65 million.
This compares to Experian revenues in Australia and New Zealand which are expected to be about A$115 million in fiscal year 2024.