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Collector Bank acquires Lowell’s payment solution
November 16, 2018

Swedish Collector Bank has entered into an agreement to acquire Lowell’s payment solution business, Lindorff Payments. The transaction means that Collector Bank will double volume in Finland, thereby strengthening its Nordic market position. Lowell states increased focus on core business as the main driver for the divestment. Lindorff Payment Services AB reported sales of SEK 131m with EBIT of 24.7m in 2017.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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