STAMFORD, Conn.--(BUSINESS WIRE)--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.
Source: Pitney Bowes Inc.
Pitney Bowes US
Carol Wallace, 203-351-6974
Carol.wallace@pb.com
or
Pitney
Bowes UK
Hina Sharma, +44 (0)7595 092430
Hina.sharma@pb.com
