UK Royal Mail buys 17% of Moving Technologies
Royal Mail has snapped up a 17% share in Moving Technologies, a supplier of address change technology. As part of the deal Royal Mail has signed up to launch a new online change of address service. Over 800 companies are signed up to the service, including the main utility providers, banks and supermarkets, a number expected to grow to over 2,000. It is estimated that over 11m home-movers could benefit from using the service each year.