Stamps.com set to complete Endicia acquisition

Stamps.com set to complete Endicia acquisition

Stamps.com has announced that it expects to close its acquisition of Endicia this month. As previously reported by Post&Parcel, Stamps.com entered into a definitive agreement with Newell Rubbermaid in March this year to buy Endicia for $215m.

In a statement issued yesterday (5 November), Stamps.com 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 Stamps.com, “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.

Stamps.com 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.

 

 

 

Relevant Directory Listings

Listing image

Spectos GmbH

The Spectos Group, headquartered in Dresden, Germany, is an independent and internationally acknowledged company in the fields of market research, data analytics, technology, digitization and operations. Spectos supports its customers with tailor-made B2B solutions for the monitoring, management and design of their service quality in […]

Find out more

Other Directory Listings

News Archive

Advertisement

MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

P&P Poll

Loading

Which stories do you most like reading about on Post & Parcel?

Thank you for voting
You have already voted on this poll!
Please select an option!






Pin It on Pinterest

Share This