CED now also market leader in Spain

Thanks to the takeover of CSP SA in Madrid, CED has now also become the market leader in the field of loss adjustment and claims management in Spain. Recently CED was able to sign the takeover contract. Before the takeover CED was already market leader in the Benelux.

“International growth, in addition to innovation and professionalization, is one of CED’s strategic spearheads. CED has the ambition, from a strong home base in the Benelux, to become a leading European claim processor in five years time. After obtaining market leadership in the Benelux, CED has at the start of 2011 aimed its arrows at Spain as third home market”, says Stef Witteveen, Chairman of the Board of Directors of CED Holding.

CSP is the largest player in Spain in the field of loss adjustment, both in the automotive and the property and liability markets. After the takeover, turnover of CED Spain will largely exceed the amount of ten million Euros. There are over 120 employees working in the offices in Barcelona and Madrid.

Julio Lozano, Director CSP: “Besides the strong similarities between the CED and CSP strategy, a very strong relationship has been developed. We are therefore positively looking forward to a joint future.”

Rafael Orfila, Managing Director CED Spain: “Thanks to this combination, CED can offer both existing and new clients a very broad range in services at a national scale. CED Spain has the best professionals and the most efficient processes.”