Pitney Bowes Agrees to Sell its UK and Republic of Ireland Management Services Business to Swiss Post
May 16 2013 - 8:00AM
Business Wire
Pitney Bowes Inc. (NYSE: PBI) today announces that Pitney Bowes
Limited and Pitney Bowes Ireland Limited have entered into an
agreement with Swiss Post Solutions (SPS) to sell the Pitney Bowes
Management Services business in the United Kingdom and Republic of
Ireland. This transaction excludes Pitney Bowes Marketing Lifecycle
Services (MLS), which will remain a key part of the Pitney Bowes
business. Terms of the deal were not disclosed. The transaction is
expected to close in the next 90 days.
“After a thorough evaluation of our operations, we have decided
to divest our management services business in the UK and Republic
of Ireland,” said Marc Lautenbach, President and CEO, Pitney Bowes.
“While this business is strong and has significant opportunity in
the European marketplace, it does not align with our European
strategy.”
As part of the transaction, the respective PBMS personnel will
transfer to SPS to help ensure continuous service delivery and a
seamless transition for clients. In addition, a number of PBMS
facilities will transfer to SPS. Pitney Bowes remains committed to
delivering a high level of service to its clients.
About Pitney Bowes
Pitney Bowes provides technology solutions for small, mid-size
and large firms that help them connect with customers to build
loyalty and grow revenue. Many of the company’s solutions are
delivered on open platforms to best organize, analyze and apply
both public and proprietary data to two-way customer
communications. Pitney Bowes includes direct mail, transactional
mail and call center communications in its solution mix along with
digital channel messaging for the Web, email, live chat and mobile
applications. Pitney Bowes has approximately USD$5 billion in
annual revenues and 27,000 employees worldwide. Pitney Bowes: Every
connection is a new opportunity™. www.pb.com.
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