Definitive agreement to acquire CSIdentity Corporation

▤ Summary

Experian signed a definitive agreement to acquire CSIdentity Corporation for $360 million in cash. CSID provides consumer identity management and fraud detection services and supports about 10 million end consumers. The deal expands Experian’s consumer identity protection offering and strengthens its position in identity and credit services. The transaction still needs U.S. regulatory approval and other customary closing conditions. Experian expects the acquisition to add revenue, EBIT, and future cost synergies after integration.

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