Axactor SE is a Norway-based debt management company. The Company has four operating segments: Non-Performing Loans (NPL), Real Estate Owned (REO), Third Party Collection (3PC), and Accounts Receivable Management (ARM). The NPL segment invests in portfolios of non-performing loans and collects the outstanding debt through either amicable or legal proceedings. The REO segment consists of real estate assets, mainly derived from mortgage shortfalls, acquired at at a discount to their appraisal value and held for sale. The 3PC segment is responsible for debt collection services on commission, as well as preparing documentation for future legal proceedings against debtors. The ARM segment monitors invoices on behalf of clients and sends reminders to the debtors to ensure timely payments. Defaulted claims are typically transferred to 3PC for debt collection. The Company operates in approximately six European countries, including Norway, Sweden, Finland, Spain, Italy and Germany.