Axactor ASA engages in the credit management service industry, which focuses on debt purchase and collection. The firm also collects and acquires non-performing loans from financial institutions. It operates through the Non-Performing Loans (NPL) and Third-Party Collection (3PC) segments. The NPL segment pertains to the investment in portfolios of non-performing loans and collects outstanding debt through amicable or legal proceedings. The 3PC segment focuses on debt collection services on behalf of third-party clients and helps creditors in the preparation of documentation for future legal proceedings against debtors. The company was founded by Johnny Tsolis on April 18, 1983 and is headquartered in Oslo, Sweden.
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