Experian to acqurie LM Group

26th Jul 2011 16:29

Global information services company Experian said it has acquired LM Group, a leading provider of commercial credit information to small and medium enterprises (SME) in the UK. No financial details were disclosed. Experian has funded the move using their existing cash resources and the company anticipates that the acquisition will expand Experian's presence in the SME market, where the use of commercial credit information is growing rapidly. The LM Group, which is already an existing partner of Experian, will also extend the latter's SME product suite and increase speed to market by adding new sales capabilities.At close, Experian's shares were 0.8% lower at 819.2p in London.NR