Coface Completes Acquisition of Cedar Rose Group

Coface, a major player in credit insurance and risk management, announced the completion of its acquisition of Cedar Rose Group, a leading information services provider in the Middle East. Cedar Rose, which has over 25 years of experience, is recognized for its ability to provide high-quality business information in a region where data accessibility is challenging. With this acquisition, Coface aims to enhance its information production capabilities, particularly for credit insurance and informational services, through enriched data offerings to its customers. This strategic move aligns with Coface's 'Power the Core' plan, which emphasizes excellence in data management. Cedar Rose's integration will support Coface's growth in regions with limited data access, bolstering its presence in dynamic markets. Coface is listed on Euronext Paris, with an annual revenue of €1.84 billion in 2024 and a workforce of approximately 5,236 employees.