Q&A with Patricio Remon: Definitive Agreement to Acquire Círculo de Crédito

In a strategic move to accelerate its international presence, Equifax has announced a definitive agreement to acquire Círculo de Crédito, a leading credit information services company and the fastest-growing credit bureau in Mexico, for an enterprise value of $750 million.

Below, Patricio Remon, President of Equifax International, discusses how this strategic acquisition - which is subject to customary closing conditions and regulatory review and approval - marks a new global chapter for both companies. The agreement would offer Círculo de Crédito customers access to industry-leading cloud-native capabilities, patented EFX.AI technology, and award winning identity protection and fraud prevention offerings for the development of solutions designed to help customers grow and expand financial inclusion.

Question: What will the Círculo de Crédito acquisition mean for Equifax?

The acquisition would expand Equifax into the fast-growth Mexico market, the second-largest economy in Latin America. Círculo de Crédito is the only Mexican credit bureau currently operating both consumer and commercial credit bureau services. With more than 1,700 bank, retail, fintech, small business lending, micro-finance, and telecommunications customers; and 2 billion tradelines covering 80 million validated identities, they are a leader in alternative data, or information not included in traditional credit reports, including gig-economy transactions and utility and telecommunications payment history. This alternative data can responsibly expand access to credit and support a more inclusive economy, critical in a country where more than 33 million people are engaged in "informal" employment such as unregistered microbusinesses or gig employment.

Question: How does this definitive agreement fit into the broader Equifax M&A strategy?

This definitive agreement is aligned with our strategy to reinvest our strong free cash flow in accretive and strategic acquisitions to strengthen Equifax and advances our EFX2028 Strategic Priority to "Execute Bolt-on M&A". Círculo de Crédito would be our 17th bolt-on acquisition in the past six years, totaling nearly $5 billion.

Question: How will the acquisition help enable financial inclusion and growth for Mexico's customers and consumers?

Equifax and Círculo de Crédito have a shared commitment to helping more consumers live their financial best.

Círculo de Crédito is a leader in alternative data and with more than 25% of the Mexican population without access to formal financial products, and nearly 44% of the population without a bank account, this alternative data can responsibly expand access to credit and support a more inclusive economy.

Together, we would continue to offer deeper alternative data and unique insights that can help our customers deliver unique solutions to expand their consumer credit offerings to help customers grow and expand financial inclusion.

Question: What Equifax capabilities will Círculo de Crédito customers have access to?

Círculo de Crédito customers will have access to our industry-leading cloud-native capabilities, patented EFX.AI technology, and award-winning identity protection and fraud prevention offerings so they can deliver innovative financial services products across Mexico and expand access to credit for Mexican citizens. With consumer credit growth in Mexico driven by inclusion and digitization, this access would help their customers grow and expand both company's positions in Mexico.

FORWARD-LOOKING STATEMENTS

This article contains forward-looking statements and forward-looking information. All statements that address future operating performance and events or developments that we expect or anticipate will occur in the future, including statements relating to our future financial and operating results, our strategy, our ability to successfully consummate the proposed transaction, the expected financial and operational benefits, synergies and growth from the proposed transaction, our ability to integrate Círculo de Crédito and its products, services, technologies, IT systems and personnel into our operations, and similar statements about our outlook and our business plans are forward-looking statements. We believe these forward-looking statements are reasonable as and when made. However, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, those described in our 2025 Form 10-K and subsequent SEC filings. As a result of such risks and uncertainties, we urge you not to place undue reliance on any forward-looking statements. Forward-looking statements speak only as of the date when made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.