About Axactor

Axactor is a fast growing debt collection & debt purchase company, with presence in Spain, Norway, Italy, Germany and Sweden. We are currently exploring expansion into other markets. We have an experienced management team and a solid investor base consisting of large international funds and private investors. Axactor is investing in new technology and standardized systems, which enables us to deliver best in class debt collection services in all markets. Further, we have the relevant competence and sufficient funding to acquire large non-performing loan portfolios. Axactor will focus on amicable and legal collection, including debt surveillance.




Our Business

Axactor is addressing a large non-performing loan (NPL) market in Europe. The market is estimated to around € 1.5 trillion and with a solid growth rate. The main growth factors are partly driven by regulatory changes, sales of non-performing loans and an accelerating trend of outsourcing debt collection to specialized companies. Furthermore, we see a consolidation trend in the debt collection/debt purchase industry. Axactor’s main focus in the credit management value chain will be: amicable and legal collection, surveillance and acquisition of NPLs.

Axactor was established in 2015 and has approximately 850 employees.



«Building a high growth, high quality debt management services company»



Axactor Group headquarter is based in Norway and the group management team operates from our offices in Oslo. The group of companies are listed at the Oslo Bors (Oslo Stock Exchange) under the ticker AXA. 

The parent company of the Group is registered with the Swedish Companies Registry as Axactor AB.


Board of Directors

Bjørn Erik Næss
Chairman of the Board

Dag Strømme
Member of the board of directors

Merete Haugli
Member of the board of directors

Brita Eilertsen
Member of the board of directors

Beate Skjerven Nygårdshaug
Member of the board of directors

Terje Mjøs
Member of the board of directors

Michael Hylander
Deputy board member

Nomination Committee

On the extra ordinary general meeting held on January 20, 2017 a new election committee was elected consisting of Jarle Sjo as Chairman, Magnus Tvenge and Cathrine Lofterød Fegth was elected as members of the Nomination Committee. The term of the Committee will be until a new Nomination Committee gets appointed.

Management team

Axactor is based in Norway and the management team operates from the offices in Oslo.

The company is registered with the Swedish Companies Registry as Axactor AB.



«Axactor is a new and ambitious company, with no legacy, focusing on building a dynamic and pan-European organization»


Endre Rangnes
Chief Executive Officer
+47 482 21 111


CEO in Lindorff Group AB (2010 – 2014), CEO of EDB Business Partner ASA, now EVRY ASA (2003 – 2010).

Prior work experience includes various positions within the IBM Group (including being Country Manager Norway and serving as member of IBM Nordic’s executive and top management teams)

Other current assignments/positions: Board member of Tieto Ojy



«Axactor emphasizes ethical behavior and continous development of our employees»


Siv Farstad
Executive Vice President, Human Resources
+47 950 38 962


Ms Siv Farstad has more than 5 years of experience from within the industry. Prior to joining Axactor, Ms Farstad held the position as HR executive of Kommunalbanken. Prior to this, she held the position as Senior Vice President HR for Lindorff from January 2011 until May 2015 .

Earlier she served as HR manager for Microsoft Development Center Norway and EVP HR for NRK. In her earlier career, she has worked 14 years in Accenture where she held several consulting positions. Ms Siv Farstad graduated with an Siviløkonom Degree in Business Administration from Pacific Lutheran University in 1988.



«Without any legacy issues and with freedom to build state-of-the-art systems and operating processes, Axactor is supremely positioned to build a cost effective pan-European credit management organization that can provide shareholders with a competitive return on capital»


Geir Johansen
Chief Financial Officer
+47 477 10 451


Geir Johansen joined Axactor as CFO, Head of IR and Risk & Compliance, in January 2016. Before joining Axactor he held the position as CFO at Fred.Olsen Ocean in Oslo.

Over the last 20 years, Mr Johansen has lived and worked in the Americas, Europe as well as North and South East Asia having held held CFO positions in DOF Subsea ASA, S.D. Standard Drilling Plc and GSP Offshore. Earlier in his career Mr. Johansen worked 13 years in DNGL where he last held position as Finance Director for DNV Maritime globally.

Mr. Johansen holds a Master’s Degree in International Economics from BI as well executive education from IMD Switzerland.



«Axactor will quickly be a significant contender in the most important European markets and challenge the established players on both technology and competence»


Johnny Tsolis
Executive Vice President, Strategy & Projects
+47 913 35 461


8 years of experience from working with the Lindorff Group. He has his main focus on PMI/cost and productivity improvement.

Broad international experience, more that 5 years on projects abroad, primarily in Spain, Germany, the US, the Netherlands, Denmark, Sweden and Finland.

Former work experience includes positions as partner at Cardo Partners AS, partner at DHT Corporate Services, Handelsbanken Capital Markets and Arkwright.



«Axactor's ambition is to build a leading edge collection company, combining highly skilled employees with an efficient operating model»


Oddgeir Hansen
Chief Operating Officer
+47 958 81 106


COO in Lindorff Group (2010 - 2014)

COO of EDB Business Partner (2003 - 2010)

Prior work experience includes various positions within IBM Norway, including being Departemental Director with responsibility for monitoring and coordinating IBM Norway overall activities.



«Working with experienced professionals and using a cohesive analytical approach between the Acquisition and Servicing businesses, Axactor is perfectly placed to develop its business model across the key European markets»


Robin Knowles
Executive Vice President Portfolio Acquisitions
+44 7930 941687


7 years of experience working as the Investment Director at Lindorff Group. His main focus was to increase the size of the Owned Portfolio, across all territories within the Group.

He has broad industry experience across Scandinavia, Continental Europe and the UK covering the last 15 years, including positions in Aktiv Kapital (PRA), Cabot Financial and Morgan Stanley as well as his time in Lindorff.

Former work experience includes Investment banking with Barclays Bank for 4 years and Container Shipping with P&O Nedlloyd for 4 years, where he also qualified as a management accountant in 1997.


«Axactors Sales vision is to expand further our existing relationships, whilst being highly proactive in developing new partners. Our approach, whilst being financially and operationally competitive is based around trust, reliability and our ability to move at speed, offering innovative solutions when required. »


Adrian Scott
Executive Vice President Sales
+47 915 23 253 (Norway)
+34 677 845 392 (Spain)


MR. Scott joined Axactor in January 2017. He came from the position of Head of Global Collections and Recoveries for Deutsche Bank where he is also responsible for the selling of NPL portfolios. During his time at Deutsche Bank he ran operations in Germany, India, China, Italy, Spain, Poland and Portugal.

Adrian Scott holds 29 Years of Financial Services and Banking experience. Before joining Deutsche Bank, he worked for Several large Financial institutions including 5 years at Barclaycard and 8 years at Citibank. At Barclaycard he was a member of the U.K. Credit Cards Exco, whilst at Citibank he was responsible for several Sales areas including head of Car finance, Second Mortgages and Direct Sales. Adrian is British but has lived and worked from Barcelona Spain for the last 10 years.



«Axactor strive to maintain the highest level of professional standards and places maximum focus and importance upon its reputation for honesty, integrity and compliance in all aspects of its conduct of business.»


Anita Høst
Head of Legal & Compliance/Solicitor
+47 48132577


Ms. Anita Høst joined Axactor in February 2017. She holds the position as Head of Legal and Compliance.

Ms. Høst completed her law degree in 1998 at the University of Oslo.

Her professional background includes more than 13 years of business law experience. During these years she held various in-house legal positions, such as Legal Counsel in Starboard Co Ltd, Bangkok (Thailand), Legal Counsel/Associate in EDB Business Partner ASA (now EVRY) and Head of Legal in Schenker AS (Part of DB Schenker-Group).

Additionally, she has held positions as Deputy Judge in Larvik District Court, Legal Executive Officer in the Immigration Department/Oslo Police District, Legal Advisor in the Norwegian House Owners’ Association (Huseiernes Landsforbund) and Stagiere in Directorate General Enlargement/The European Commission (Brussels).

Statement by CEO

Welcome to the website of Axactor.

Axactor is a group of companies within the credit management services industry. We are primarily focusing on large and high growth NPL markets, and have operations in Spain, Italy, Germany, Norway and Sweden. We have an ambitious Pan-European growth strategy and are continuously exploring new markets in Europe.

We are addressing a large non-performing loan (NPL) market in Europe, estimated to around € 1.5 trillion, and with an attractive growth rate going forward. The main growth factors, partly driven by regulatory changes, are sales of non-performing loans and an accelerating trend of outsourcing debt to specialized companies. Furthermore, we see a consolidation trend in the debt collection/debt purchase industry. Axactor’s main focus in the credit management value chain will be: reminder services, amicable and legal collection, surveillance and acquisition of NPLs.

As a first step in our Pan-European growth strategy we acquired in December 2015 the company ALD Abogados, a leading debt collection agency in Spain.. With a very solid customer base, this company will be the platform for our future growth in debt collection and NPL portfolio acquisitions in Spain. During the first two quarters of 2016 we acquired in April IKAS in Norway, in May Geslico in Spain and in June CS Union in Italy. In September 2016 we acquired Altor Group in Germany. In February 2017 we acquired Profact in Sweden. In addition, there has been a high activity level buying portfolios and entering into new collection deals. We are continuously also exploring markets in other European countries. This includes potential carve out of collection platforms from Financial Services Institutions.

Axactor has specific strengths that will allow us to successfully pursue these market opportunities:
Firstly, we have managers with a deep understanding of credit management services, and with an unparalleled industry track record. We fully understand the commercial aspects of this business, and, equally, we appreciate the legal framework and the compliance aspects that are critical to our customers.
Secondly, as a new entrant, we are not burdened by legacy costs and structures that are no longer beneficial. We have set up a platform specifically designed for a next-generation debt collection service provider focused on rapid growth.
Thirdly, we have funding and an investor base that will allow us to grow. We have a solid bank financing, and we are a listed company on the Oslo Stock Exchange with a large shareholder base.

We are excited to have embarked on this journey, and I hope you will join us, as a customer, investor, employee or business partner.




We are currently operating in the Spanish, Italian, German Norwegian and the Swedish markets.

Axactor specialize in the legal collection, including unsecured debt, mortgages, enforced collection, insolvency, ordinary proceedings and payment procedures. Axactor has a wide range of client in various sectors, with FI as the most important segment. Customers being mainly banks and other financial institutions, SMEs, international investment firms and debt collection agencies.

Axactor is operating under a recovery business model, offering comprehensive debt collection management for amicable and court base proceedings with coordination between the aforementioned procedures. In addition, Axactor provides customized portfolio segmentation strategies, monitoring, measurements, audits and test performance.

Our operations in the Spanish, Norwegian, Italian and German market, will serve as steppingstones for further growth in Europe, primarily focusing on large and high growth NPL markets.


Historically, the Group’s principal business activities have related to mineral exploration and exploitation. From Janauary 2016 the mineral activity has been fully divested and the company is now only operating in the collection industry.

In September 2015, the Group entered into a Share Purchase Agreement, for the ALD Acquisition. The transaction was completed on December 4th 2015. In November 2015 Endre Rangnes, former CEO of Lindorff Group ,was hired as the new CEO of Axactor. During the last quarter of 2015 the focus was to establish the necessary Group functions, including an experienced management team and get in place required governance structure.

During the first two quarters of 2016 Axactor acquired in April IKAS in Norway, in May Geslico in Spain and in June CS Union in Italy. In addition, there has been a high activity level buying portfolios and entering into new collection deals.

Major highlights

«Axactor is a company with high ambitions, both for our customers and employees»


Would you like to work for us?

Axactor is a company with high ambitions, both for our customers and employees. Would you like to join the team?

If you would like to be a part of the company we are building for the future, please send us your CV on the following e-mail address,