Neopost acquires US parcel locker business

Neopost has signalled its interest in the US market with the $100 million acquisition of American parcel locker specialist Parcel Pending.

As part of its ‘Back to Growth’ plan, Neopost has decided to invest heavily in the fast growing parcel locker business in the United States. Globally it is recognised that parcel lockers are the most efficient means of delivery in suburban areas.

Parcel Pending was founded by Lori Torres in 2013 and is now the leading parcel locker solution provider for residential, commercial, retail and universities across the United States and Canada. It employe more than 150 staff and has thousands of customers across North America. Its revenues in 2018 exceeded $30 million.

Lori Torres will remain CEO of Parcel Pending and will lead the Neopost locker initiative in the U.S. As part of the acquisition, Parcel Pending will continue to have their office in Irvine, California.

Neopost CEO, Geoffrey Godet, commented: “Parcel lockers is one of the four selected solutions we want to grow in the future. For Neopost, the acquisition of Parcel Pending is a major step forward in entering the very promising American parcel locker market. We are delighted to welcome Parcel Pending’s passionate team within Neopost. The combination of Neopost and Parcel Pending’s recognised technologies and know-how will enable us to provide state-of-the-art solutions and expand fast in the U.S. market.”

Parcel Pending CEO, Lori Torres, added: “We are excited to join the Neopost Family and leverage their fantastic team and expertise. Neopost was the perfect fit for Parcel Pending, as like us, they are committed to providing world class customer service and innovation to our customers.”