Quadient continues reshaping business portfolio with divestment from Graphics activities in Australia and New Zealand
21 Gennaio 2021 - 7:00AM
Quadient continues reshaping business portfolio with divestment
from Graphics activities in Australia and New Zealand
Quadient continues reshaping business
portfolio with divestment from Graphics activities
in Australia and New Zealand
§
Divestment of Australia and New Zealand Graphics activities
to Smartech Business Systems Australia Pty who will also become the
distributor of Quadient’s Mail-Related Solutions in the
region
Paris, 21 January, 2021
Quadient (Euronext Paris: QDT), a leader in
helping businesses create meaningful customer connections through
digital and physical channels, today announces the divestment of
its Graphics activities in Australia and New Zealand to Smartech
Business Systems Australia Pty, a technology solutions provider and
a long-term partner working with Quadient in the Asia-Pacific
region.
As part of the transaction, Smartech Business
Systems Australia Pty will become the distributor of Quadient’s
Mail-Related Solutions in Australia and New Zealand and will
continue to serve Quadient’s more than 19,000 customers in the
region.
Geoffrey Godet, Chief Executive Officer of
Quadient, commented: "The divestment of our Graphics activities and
the shift to an indirect distribution model for our Mail-Related
Solutions in Australia and New Zealand mark another step forward in
the execution of our strategic plan, refocusing our operations and
reshaping our portfolio. As part of our ‘Back to Growth’ strategy,
we remain fully committed to the development of our strategic
solutions in our major geographies while continuing to ‘grow,
improve or exit’ our Additional Operations.”
Quadient’s operations in Australia and New
Zealand employ around 140 people and are part of the Group’s
Additional Operations.
The transaction was closed on 20 January
2021 and the total selling price amounts to AUD $6 million,
including AUD $4 million paid at closing and AUD
$2 million deferred payments.
As a result of the operation, Quadient will
recognize non cash non-current charges of approximately
€19 million in the income statement for full-year 2020.
***
About Quadient®Quadient is the
driving force behind the world’s most meaningful customer
experiences. By focusing on four key solution areas including
Customer Experience Management, Business Process Automation,
Mail-Related Solutions, and Parcel Locker Solutions, Quadient helps
simplify the connection between people and what matters. Quadient
supports hundreds of thousands of customers worldwide in their
quest to create relevant, personalized connections and achieve
customer experience excellence. Quadient is listed in compartment B
of Euronext Paris (QDT) and is part of the CAC® Mid & Small and
EnterNext® Tech 40 indices.
For more information about Quadient, visit
https://invest.quadient.com/en-US.
Contacts
Laurent Sfaxi, Quadient+33 (0)1 45 36 61
39l.sfaxi@quadient.comfinancial-communication@quadient.com |
OPRG FinancialIsabelle Laurent / Fabrice Baron+33
(0)1 53 32 61 51 /+33 (0)1 53 32 61
27isabelle.laurent@oprgfinancial.fr
fabrice.baron@oprgfinancial.fr |
Caroline Baude, Quadient+33 (0)1 45 36 31
82c.baude@quadient.com
- Quadient_Divestment AU_final_EN
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