What is Eurofactor GmbH?

Eurofactor GmbH is wholly owned by CAL&F and is a subsidiary of the Crédit Agricole Group, with around 100 staff in Germany (Munich, Düsseldorf and Frankfurt), Belgium and the Netherlands.

It provides factoring services in Germany, Belgium, the Netherlands, Austria, German-speaking Switzerland and sometimes in other EU countries. In 2019, its factoring turnover amounted to €17,707 million.

 

Taking over IT production

This decision, taken together with its parent company, CAL&F, makes CA-GIP the local operator of the new Leasing branch in Germany, moving into the premises of Eurofactor GmbH.

This takeover plan is the result of nine months of work that demonstrated CA-GIP’s capacity to understand the challenges of an international subsidiary such as Eurofactor GmbH. The takeover will kick off in the next few days and will last seven months.

The success of this project will enable CA-GIP to support CAL&F in its international strategy, to envisage further takeovers as of 2021 and to open itself up to new markets.

Articles suggérés