Transaction Services Group (TSG), a New Zealand-based recurring payments systems provider, has purchased UK’s direct debit billing provider Harlands to further expand its international operations.
Harlands Group provides business process outsourcing with particular expertise in direct debit and collections management.
TSG CEO, Craig Marshall, said: “The acquisition will see TSG collect approximately $2 billion of collections per annum across two million customers worldwide through its companies, Debitsuccess and FFA Paysmart in Australasia, and UK-based DFC and Harlands Group.
Marshall added that the move will further build the firm’s capacity and capability in international markets, particularly in a region that is seeing substantial growth in recurring payments and related solutions.
“We are excited to further expand our offerings – Harlands Group is a strong operational and cultural fit, with skills in consulting, technology and outsourced service provision. Our teams will work together to help increase both growth and profitability across the entire business.”
Harlands Group joint managing director, Kevin Scott, said: “This association will see a number of benefits – from support at a governance and executive level to further enhancing the value of our operations.”