TPG sold its 43 per cent stake in Mail2000, a Washington-based company that specialises in ‘hybrid’ mail.
The 43 per cent stake which was acquired by TPG in June 1998 will be sold to the current management of Mail2000.
TPG wanted to get a foothold in the US postal market, but it did not fit in the strategy anymore.
Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]
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