Credit reference agency Experian has acquired LM Group, trading as Riskdisk, in a bid to expand its offering to different customer segments.Experian purchased LM Group from its founding shareholders and senior employees using its own cash resources, and will integrate it into its Credit Services business information activities.
Riskdisk provides commercial credit reports and commercial risk information to around 18,000 small and medium-sized enterprises (SMEs) in the UK and had already partnered with Experian to use its commercial credit information before the acquisition took place.
LM Group will continue to trade as Riskdisk and will continue to be led by its existing management team, which will report to Simon Streat, managing director, SME, Experian UK & Ireland.
Streat said: “Our acquisition of Riskdisk will accelerate the range of services we offer to SMEs, while enabling Riskdisk’s thousands of customers to access Experian’s comprehensive product portfolio.”