NEOPOST FINALIZES THE DIVESTMENT OF DMTI SPATIAL
July 12 2017 - 12:00PM
NEOPOST FINALIZES THE DIVESTMENT OF DMTI SPATIAL
Paris, July 12,
2017
Neopost, a global leader in
digital communications, shipping and mail solutions, is today
announcing the closing of the sale of its subsidiary DMTI Spatial
to Digital Map Products Inc., a leading provider of geospatial
mapping technology and content in the United States.
The divestment results from the
ongoing strategic review of the Group's portfolio of business
activities, DMTI solutions generating few synergies with the
Group's other solutions. Neopost strongly believes that the joint
project between Digital Map Products and DMTI will bring exciting
perspectives to both DMTI's workforce and customers. The
transaction was completed on July 11, 2017 and deconsolidation is
effective at the same date.
DMTI Spatial, a provider of
location-based intelligence solutions for the Canadian market with
about 30 employees in Canada, accounted for less than 5% of the
total revenue of Neopost's Enterprise Digital Solutions division
for 2016 as a whole.
The divestment has no impact on
the EDS division's objective of 10% organic revenue growth for
full-year 2017.
CALENDAR
The press release announcing
second-quarter 2017 sales and half-year 2017 will be published on
September 26, 2017, after the market close.
ABOUT
NEOPOST
Neopost is a global leader in digital
communications, shipping and mail solutions. Its mission is to
guide and support organizations in how they send and receive
communications and goods, helping them better connect with their
business environment through software and hardware solutions.
Neopost supplies innovative user-friendly solutions for digital and
physical communications management for large enterprises and SMEs,
as well as for shipping operations for e-commerce and supply-chain
players. With a strong local presence in 29 countries and 6,000
employees, Neopost works closely with a network of partners in
order to market its solutions in more than 90 countries. In 2016,
Neopost reported sales of €1.2 billion. Neopost is listed in
Compartment A of Euronext Paris and belongs notably to the SBF 120
index.
|
For more information, please
contact:
Gaële Le Men, Neopost |
FTI Consulting |
Financial &
External Communications Director |
Arnaud de
Cheffontaines
Cosme Julien-Madoni |
Tel: +33 (0)1 45 36 31
39 |
Tel: +33(0) 1 47 03 68
19 |
E-mail:
g.le-men@neopost.com |
E-mail : neopost@fticonsulting.com |
Or visit our website:
www.neopost.com
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information contained therein.
Source: NEOPOST via Globenewswire