Pitney Bowes Inc. announced April 30, 2018 that Platinum Equity has signed a definitive agreement to acquire the Company’s Document Messaging Technologies (DMT) production mail business and supporting software for $361 million, subject to certain adjustments. The company anticipates proceeds from the sale of approximately $270 million, net of estimated closing costs, transaction fees and taxes. Pitney Bowes expects to use the majority of the net proceeds from the sale to pay down debt.
The transaction is likely to be completed late in the second or early in the third quarter subject to customary closing conditions … (click to read more)
Pictured Above: Pitney Bowes IntelliJet 20 HD printing systems, one of the products sold for high-volume document production by Pitney Bowes DMT.