Paris-headquartered Global trade credit risk management company, Coface, has announced the closing of its acquisition of Cedar Rose Group, an information services provider in the Middle East.
In a statement, Coface said, “With over 25 years' experience, Cedar Rose is one of the leading providers of business information solutions in the Middle East and Africa region. In a region where information is difficult to access and with a positive economic growth outlook, Cedar Rose has built up a vast business network, enabling it to produce data whose quality is recognised by its customers, including a number of multinationals.
“Cedar Rose, therefore, becomes Coface's information provider in the region, for both credit insurance and information services sales. All Coface's customers will benefit from enhanced Coface data. This external growth operation will enable Coface to further strengthen its information production capabilities in areas where information is not readily available.”