GFKL Group enhances its expertise in the telecommunications industry: acquisition of SNT Inkasso completed

GFKL Financial Services AG (Essen) finalized its acquisition of SNT Inkasso & Forderungsmanagement GmbH (Potsdam) effective 28th June.

Essen, July 2nd: On its way to market leadership in the receivables management sector, GFKL Financial Services AG (Essen) finalized its acquisition of SNT Inkasso & Forderungsmanagement GmbH (Potsdam) effective 28th June. The two parties agreed not to disclose the purchase price.

SNT Inkasso & Forderungsmanagement GmbH is a 100% subsidiary of German mobile services provider E-Plus that is part of Dutch telecommunications and ICT provider, KPN. SNT Inkasso was founded in 2003 and experienced a rapid growth, currently employing a staff of 64. The company counts the E-Plus Group among its main customers, and a long-term service agreement is in place. Business relationships are to be maintained following the takeover by GFKL. GFKL extends its expertise through the acquisition of the company that specializes in receivables management services for the telecommunications industry. The Essen-based financial services provider is going to take over all staff currently employed by the collection company.

Marc Knothe, Executive Board of GFKL Financial Services AG, explained: “SNT Inkasso perfectly fits us because of its demands regarding quality and because of their specialization in receivables management for the telecommunications sector. With the acquisition of SNT Inkasso, we expand our position within the telecommunications sector. Within that industry, there is a huge demand for reliable as well as efficient receivables management. Together with our new team in Potsdam, we are looking forward to offering our customers an even broader range of services in the near future.”

About GFKL
GFKL Financial Services AG (GFKL) is one of the leading receivables management service providers. 1,227 employees in Germany and Spain currently handle receivables volumes of approx. EUR 21.5bn. GFKL provides services to business groups, banks, insurance, utility and telecommunications companies and the public sector as well as small and medium-sized enterprises (SME). GFKL’s competencies in receivables management range from the servicing of commercial and credit receivables to the valuation, takeover and liquidation of consumer and real estate loans. GFKL stands for high-quality receivables management with a focus on customer retention. This was confirmed by rating agency Standard & Poor’s when they awarded the best possible servicer ranking to GFKL: “Strong, Outlook Stable”.

Press Contact:
GFKL Financial Services AG
Rebecca Engels
Press Officer
Limbecker Platz 1
45127 Essen

Phone +49 201 102-1194
Fax +49 201 102 1102-094
Mail: rebecca.engels@gfkl.com
Internet: www.gfkl.com

GFKL Financial Services AG (GFKL) is one of the leading receivables management service providers. 1,227 employees in Germany and Spain currently handle receivables volumes of approx. EUR 21.5bn. GFKL provides services to business groups, banks, insurance, utility and telecommunications companies and the public sector as well as small and medium-sized enterprises (SME). GFKL’s competencies in receivables management range from the servicing of commercial and credit receivables to the valuation, takeover and liquidation of consumer and real estate loans. GFKL stands for high-quality receivables management with a focus on customer retention. This was confirmed by rating agency Standard & Poor’s when they awarded the best possible servicer ranking to GFKL: “Strong, Outlook Stable”.

Kontakt:
GFKL Financial Services AG
Rebecca Engels
Limbecker Platz 1
45127 Essen
+49 201 102-1194
pr@gfkl.com
http://www.gfkl.com