RESHORING CASE

Axactor

Company details
Company name: 
Axactor
Group name: 
Axactor Group 
Company country: 
Norway
Group home country: 
Norway
Sector: 
K - Financial and insurance activities
Sector detail: 
K64 - Financial service activities, except insurance and pension funding
Sub-sectors: 
K64.9 - Other financial service activities
Reshoring details
Reshoring announcement date: 
23/03/2018
Reshored to: 
Norway
Reshored business function: 
Administration
Reshored services/activities: 
Reshoring governance mode: 
In house (in own facilities)
Reasons for reshoring: 
Improvement in efficiency
Reduction of administrative costs
Case narrative: 

Axactor is a credit management company based in Norway. In March 2018, the company announced the relocation of its registered office from Stockholm to Oslo.The relocation was aimed to the reduction of the administrative costs and the improvement in efficiency. The executive board already approved the decision that will be implemented after the final approval by the shareholders general meeting scheduled on next October 17.   

Sources: 

Market screener 28/03/2018

Hegnar.no 15/08/2018

News.cision 15/08/2018

Offshoring details
Offshoring location: 
Sweden
Offshoring governance mode: 
In house (in own facilities)
Host country geographical area: 
Western Europe