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Pitney Bowes Acquires Newgistics

Pitney Bowes announced that it has signed a definitive agreement to acquire Newgistics, Inc. (Newgistics), an Austin, Texas-based provider of parcel delivery, returns, fulfillment and digital commerce solutions for retailers and ecommerce brands. The acquisition will accelerate Pitney Bowes’ expansion into the U.S. domestic parcels market.

“Newgistics fits uniquely at the intersection of our parcel growth strategies and will accelerate the overall transformation of Pitney Bowes,” said Marc B. Lautenbach, President and Chief Executive Officer, Pitney Bowes.

Under the terms of the definitive agreement, Pitney Bowes will purchase all shares of the privately held company for approximately $475 million … (click to read more)