Hansen Technologies to acquire Peace International

Hansen Technologies Limited is to purchase the Peace utility customer information system business from First Data Corporation...

Hansen says the addition of Peace would complement its existing utility billing business, and the combined operation would:

• Increase Hansen’s revenues by approximately 50 percent;
• Increase Hansen’s installed utilities billing customer base in Australia;
• Represent a strong foundation market presence in the USA;
• Add an additional utility billing customer in the United Kingdom;
• Offer an extended product development capability in New Zealand;
• Expand Hansen’s proprietary utility billing solution suite of products for the benefit of our broad customer base; and
• Represent a combined 350 staff specifically committed to providing solutions to the utility industry.

Andrew Hansen, managing director of Hansen said, “Although we have historically competed in the same utilities billing space, Peace and Hansen have only rarely been in direct competition. For Hansen, this purchase will represent not only a growth in our utility billing business revenues but it will also represent a positive expansion in our product range and areas of geographic influence.”

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