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Davis + Henderson Corp Announces Divestiture

Thursday, 7 Mar 2013 05:44pm EST 

Davis + Henderson Corp announced that it has entered into an agreement to divest several non-strategic business processing businesses to California based The Gores Group. Financial terms of the transaction were not disclosed, and are not considered material. The businesses, operating in five locations across Canada, include Credit Card Services, Contact Centre Services, Benefits & Administration, and Coupon & Rebate Services, acquired as part of its acquisition of Resolve in 2009, and Real Estate Services, acquired as part of its acquisition of Filogix in 2006. These businesses largely serve customers comprising retailers, real estate boards, and packaged goods companies, and provide services that are not considered part of D+H's core business of serving financial institutions. 

Company Quote

-0.17 -0.46%
19 Dec 2014