bpost is to acquire the US based business Radial in order to expend its offerings and accelerate the development of bpost’s eCommerce logistics solutions. The acquisition aims to leverage Radial’s eCommerce service, expertise and scale with bpost to provide a leading cross-border proposition for its customers in Europe and North America.
Radial is headquartered in King of Prussa, Pennsylvania and in 2016 fulfilled over 306 million units for its retail customers across 24 fulfilment centres. It also offers integrated services such as payment, tax and fraud protection, fulfilment and customer care for brands and retailers. Its revenues for 2017 are forecast at falling between US$970 and £1020 million.
With Radial, bpost will build on its successful US-based Landmark Global business to scale its presence in one of the largest eCommerce markets and expand bpost’s product offering throughout the entire value chain in eCommerce logistics.
Koen van Gerven, CEO of bpost said: “I am very proud of this acquisition that represents a great leap forward for bpost, promoting us as a leading player in the eCommerce logistics business in the Benelux, Europe and throughout the world. I’m convinced that offering integrated and seamless eCommerce logistic solutions to our US and European customers will help them grow their businesses.”
Under the terms of the agreement, bpost will acquire 100 per cent of the shares of Radial for an Enterprise Value of US $820 million
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