Courteville Business
Solutions Plc. (NSE: COURTVILLE/ BLOOMBERG: COURTVIL), an indigenous
information and business process technology provider has announced its first
international acquisition with the purchase of Priority Loss Adjusters Ltd., an
auto adjuster, from the Priority Group in Jamaica.
Priority Loss Adjusters is
part of the Priority Group of companies. Incorporated in February 2001, its
primary area of specialty is in damage assessments for motor vehicles, and the
preparation of valuations and mechanical reports for all types and sizes of
motor vehicles.
Priority Loss Adjusters
has built a reputation in Jamaica for its ethical principles in the loss
adjusting industry and the fair treatment it accords all the parties involved
in the insurance claims process. It maintains offices in 6 locations across
Jamaica: Kingston, Montego Bay, Ocho Ricos, Portland, Savanna-La-Mar, Port
Antonio, and Mandeville.
Speaking on the
cross-border deal, Mr. Adebola Akindele, the Group Managing Director of
Courteville Business Solutions Plc, said “Courteville’s acquisition of Priority
Loss Adjusters validates the global appeal of our unique business model. In the
space of ten years, Courteville has established its dominance as the most
successful business process outsourcing provider for the transportation and
insurance sectors in sub-Saharan Africa. The next logical step is to push our
value proposition into virgin markets outside these shores. In Priority Loss
Adjusters, and Jamaica, we have found the ideal partner, and a welcoming market
where we can create additional value for customers, and our shareholders.
Courteville is passionate about its vision to positively touch the lives of
citizens of the world, and this acquisition only serve to further this quest.’
In his remarks, Denis St.
Bernard, Chief Executive Officer of the Priority Group, stated that “The
Priority Group is delighted to conclude this transaction with Courteville
Business Solutions. We are convinced that the company has the pedigree, and
commitment to take Priority Loss Adjusters to the next level. Our decision to
sell Priority Loss Adjusters is a strategic move, that would enable the Priority
Group to focus our resources and efforts on our core business services, that
is, investigations, surveillance and property services”.
Courteville Business
Solutions Plc, an ISO 9001:2008 certified e-business solutions development
company has been listed on the Nigerian Stock Exchange since 2009. It focuses
on process re-engineering in both the private and public sector by providing
cutting edge solutions to complex operational challenges, through the
development and delivery of unique business solution models, revenue stream
improvement and cost management processes. Courteville has presence in Trinidad
& Tobago, Zimbabwe, Republic of Guinea, Senegal, Kenya and Sierra Leone.
The company’s unique
solutions include the Parent to School Education Administration &
Monitoring System (P-SEAMS), www.egoleshopping.com (e-commerce shopping mall),
Regulated Product Administration & Monitoring Solution for NAFDAC and
Insurance Policies Database Solution for Nigerian Insurance Association (NIA)
and the Insurance Council of Zimbabwe (ICZ). The company also has other
services targeted at SMEs and vocational education.
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