- 8 February 2019
- Transport / Logistics Services
Global e-commerce technology solutions provider Pitney Bowes has sold its Small and Medium sized Business (SMB) business in six European countries to BAVARIA Group AG, a private equity firm. The six countries involved are Sweden, Norway, Denmark, Finland, Switzerland, and Italy. This is part of Pitney Bowes ongoing growth in shipping and mailing in major markets.
“This acquisition is beneficial for both Pitney Bowes and BAVARIA Industries Group AG,” said Christoph Stehmann, Executive Vice President, International, SMB Solutions. “In BAVARIA Industries Group AG, we have found the ideal partner with the committed resources to deliver a positive client experience for our entire portfolio throughout Europe. We will work closely with BAVARIA Industries Group AG to ensure the transition happens without disruption to our employees, clients, suppliers and partners.”
Under the deal, whose details have not otherwise been disclosed, BAVARIA is to continue to sell Pitney Bowes products exclusively in those six countries, with Pitney Bowes providing services to help with a smooth transition. In the six European countries, small businesses will continue to benefit from Pitney Bowes’ shipping and mailing offerings through BAVARIA’s teams who will respond to local market demands more quickly, broaden the product portfolio in each country for an enhanced client experience.