ADP Claims Services Group, a division of Automatic Data Processing Inc. has entered into a definitive agreement to acquire ABZ Group B.V., a privately held company in the Netherlands. The transaction is subject to ABZ Group B.V. shareholder approval and normal regulatory review. Completion is expected in early 2004.
ABZ, located in Zeist, with revenues of approximately EUR 40 million, is a leading business service provider in the Netherlands, offering web-based services mainly to the insurance and automotive industries. ABZ has had a long and close relationship with ADP, having been a licensee of Audatex, a subsidiary of ADP Claims Services Group, since 1981.
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