Irish credit check firm Experian will acquire South African peer Compuscan for $262.78 million.
The move will enable Experian to bulk up its existing African operations and give it a foothold in a handful of other states.
The company noted that the transaction will be funded using existing cash and will add to benchmark earnings per share in the first full year of owning Compuscan.
The deal is an important one for Experian's business in South Africa as it will provide opportunities more broadly across the African continent.