Encore acquired remaining interest in European credit service provider
In 2018, Encore announced the completion of its acquisition of the remaining interest in Cabot Credit Management (Cabot), a leading credit management service provider in Europe. This acquisition drives Encore’s global market share and marks a significant step toward the company’s diversification strategies. Since Encore’s initial investment in Cabot in 2013, the company has been able to substantially increase its scale and operational capacity, with this recent acquisition expanding on those capabilities, driving growth in the outlook.
COVID|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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