Quadient pursues the execution of its strategy with the sale of ProShip
02 Marzo 2020 - 8:00AM
Quadient pursues the execution of its strategy with the sale of
ProShip
Quadient pursues the execution
of its strategy with the sale of ProShip
Paris, March 2, 2020
Quadient, formerly Neopost1, a leader in helping
businesses create meaningful customer connections through digital
and physical channels, today announced the sale of its subsidiary,
ProShip, a global provider of automated multi-carrier shipping
software, to FOG Software Group, a division of Constellation
Software, Inc, a company listed in Toronto (TSX: CSU).
The divestment of ProShip comes as a result of
Quadient’s decision to refocus its operations on four major
solutions.
The acquisition of ProShip by FOG Software will
benefit employees and customers of both companies.
Geoffrey Godet, Chief Executive Officer of
Quadient, commented: “The sale of ProShip is our third divestment
since January 2019. In the meantime, we successfully acquired
Parcel Pending in the US and decided to shut down Temando. This
demonstrates our firm commitment to reshape Quadient’s portfolio as
part of our “Back to Growth” strategy. The execution of our
strategic plan is progressing in a satisfactory way. Sales have
been growing organically in the last six quarters and the high
level of recurring revenue will continue to provide a solid base
for our future performance.”
The transaction was closed on 28 February 2020.
The selling price stands at USD 15 million.
With this transaction completed, Quadient
achieved more than USD 90 million in divestments since January
2019, while having dedicated more than USD 100 million in
acquisition.
Headquartered in Brookfield, Wisconsin,
ProShip has about 100 employees and belonged to Quadient
Additional Operations reporting segment.
Headquartered in Deerfield, Illinois, FOG
Software provides mission-critical enterprise
software for vertical
industries across the entire
industry value chain.
CALENDAR
The Quadient press release announcing
fourth-quarter 2019 sales and 2019 results will be published
on March 30, 2020 after market close.
About Quadient®
Quadient, formerly Neopost, is the driving force
behind the 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 belongs to the
SBF 120 index.
For more information about Quadient, visit
http://www.quadient.com.
Contacts
| |
|
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Gaële Le Men, QuadientFinancial Communications
Director+(33) 1 45 36 31
39g.le-men@quadient.comfinancial-communication@quadient.com |
OPRG Financial Isabelle Laurent / Fabrice Baron+33
(0)1 53 32 61 51 /+33 (0)1 53 32 61
27isabelle.laurent@oprgfinancial.fr
fabrice.baron@oprgfinancial.fr |
| |
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1 The legal name Neopost S.A. will be changed
into Quadient S.A. in 2020 during the next AGM. In the meantime,
Neopost S.A. will operate under the commercial name Quadient
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