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News set to complete Endicia acquisition

Friday, November 6th, 2015 has announced that it expects to close its acquisition of Endicia this month.

As previously reported by Post&Parcel, entered into a definitive agreement with Newell Rubbermaid in March this year to buy Endicia for $215m.

In a statement issued yesterday (5 November), said it had received written notice from the United States Department of Justice that it had closed its investigation into the sale.  “As a result,” added, “the acquisition is expected to close November 18, 2015.”

Based in Mountain View, California, Endicia is a provider of high volume shipping technologies and solutions. Endicia had approximately $59m in revenue during fiscal 2014. said that it expects to fund the acquisition with $165m in bank debt from a group of leading US banks and the remainder from its existing cash and investments.





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Direct Link Worldwide Ltd

Direct Link specialises in international cross border distribution and returns of e-commerce packages worldwide. Parent company PostNord (the merged Swedish and Danish Post Offices) supports Direct Link with IT expertise, postal connections and international logistics solutions, across the Nordic countries and intercontinentally.


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