Pitney Bowes Agrees to Sell its UK and Republic of Ireland Management
Services Business to Swiss Post
STAMFORD, Conn. -- May 16, 2013
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.
Pitney Bowes US
Carol Wallace, 203-351-6974
Pitney Bowes UK
Hina Sharma, +44 (0)7595 092430
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