Bibby Financial Services Group has acquired the Swedish factoring company Kopparberg Finans.

Invoice finance provider Bibby Financial Services Group has acquired the Swedish factoring company Kopparberg Finans.

The deal, which was for an undisclosed sum, is in line with Bibby’s stated growth strategy. The firm has expanded in recent years across Europe, North America, Australia and the Far East.

Kopparberg Finans was established in 2005 and provides invoice finance and debt collection services to around 50 clients. The company is based in Ljusnarsberg, central Sweden.

Liverpool-based Bibby has 11 offices across the UK and provides business cash flow products such as factoring and invoice discounting to small and medium sized enterprises. The firm provides around £290 million each year to 3,500 SME customers.