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Francotyp-Postalia Holding AG — M&A Activity 2018
Aug 2, 2018
162_rns_2018-08-02_e9f810ab-f32f-42a1-b8b2-1f25acc950b1.html
M&A Activity
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News Details
Corporate | 2 August 2018 08:00
Francotyp-Postalia Acquires Online Supplies Retailer in the USA:
DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Mergers & Acquisitions
02.08.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
Francotyp-Postalia Acquires Online Supplies Retailer in the USA
Berlin, 1 August 2018 – Francotyp-Postalia Holding AG (FP), the expert in secure mail business and secure digital communication processes, has purchased a US-based online retailer of postage meter supplies. As part of its ACT growth strategy, this acquisition intensifies FP’s sales activities in the USA, expands its customer base, and accelerates its market share growth. The online retail company acquired by the US subsidiary Francotyp-Postalia Inc. generated revenue of USD 1.5 million in fiscal year 2017.
The acquisition is a contribution to further strengthening FP’s market position and provides additional growth impetus. “The US is the biggest individual market opportunity for FP. We continue to attack on the American mailing machine market and to further expand our position. This acquisition is another step in implementing our ACT growth strategy ,” underlines FP’s Chief Sales Officer Patricius de Gruyter.
The companies have agreed not to disclose the details of the transaction. The purchase agreement was signed on 1 August 2018.
For press enquiries, please contact:
Dr Joachim Fleϊng, Head of Investor Relations
Tel.: +49 (0)30 220 660 410
Email: [email protected]
Karl R. Thiel, VP of Corporate Communications
Tel.: +49 (0)30 220 660 123
Email: [email protected]
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About Francotyp-Postalia (FP)
The FP Group, a listed international company headquartered in Berlin, is an expert in secure mail business and secure digital communication processes. As the market leader in Germany and Austria, the FP Group offers products and services for efficient mail processing, consolidation of business mail and digital solutions for businesses and authorities with its product segments “Franking and Inserting”, “Mail Services” and “Software”. The Group generated revenue of more than EUR 200 million in 2017. Francotyp-Postalia is represented in ten countries with its own subsidiaries and in a further 40 countries via its own network of dealers. Thanks to a history spanning more than 95 years, FP has a unique DNA in the fields of actuator and sensor technology, cryptography and connectivity. It has a share of over 11% in the global market for franking systems.
You can find out more at www.fp-francotyp.com.
Contact:
Francotyp-Postalia Holding AG
Media Relations
Telephone: +49 (0)30 220 660 410
Telefax: +49 (0)30 220 660 425
E-Mail: [email protected]
02.08.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Francotyp-Postalia Holding AG |
| Prenzlauer Promenade 28 | |
| 13089 Berlin | |
| Germany | |
| Phone: | +49 (0)30 220 660 410 |
| Fax: | +49 (0)30 220 660 425 |
| E-mail: | [email protected] |
| Internet: | www.fp-francotyp.com |
| ISIN: | DE000FPH9000 |
| WKN: | FPH900 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |