GrayHair Software and Neopost USA have announced a partnership that will incorporate GrayHair’s mail tracking and IMb services into Neopost’s next generation production system to create an unparalleled solution for business mailers.
Read MoreNeopost announced the acquisition of Renaddress Ltd and Target Addressing and Business Systems. Both companies will be integrated into Neopost UK in the coming months.
Read MoreNeopost Limited wins Best Vendor Overall Award and the Winning Together Award by the Royal Mail Group at the Group’s annual vendor awards
Neopost is delighted to announce that it has been honoured with two awards by the Royal Mail Group at Royal Mails annual vendor awards; The Best Vendor Overall Award and The Winning Together Award. The awards are presented to companies which have delivered a particularly high level of service to Royal Mail Group (RMG) or to companies which have helped RMG deliver on its key business objectives.
Beating a number of other companies to the awards – RMG has an extensive vendor base to support its operations, spending more than GBP 2 billion a year on goods and services – Neopost was presented with each award at RMG’s annual vendor event, an event which brings together their top suppliers to hear about the company’s future plans and business opportunities.
Neopost Limited has been working particularly closely with Parcelforce Worldwide for the last 4 years. It is integral to the successful operation of online ordering, supplying a booking system which enables customers to book shipments over the internet. The system is used by thousands of customers and accounts for over 60% of Parcelforce volume. Neopost also provides an IT infrastructure to manage the flow of data between customers, Parcelforce Worldwide partners and Parcelforce Worldwide. Recently it developed a new service to manage tracking information for Parcelforce Worldwide.
Best Vendor Overall is an award given to the vendor that has continually provided excellent delivery to Royal Mail Group.
This award recognises a company that has developed a highly effective partnership with Royal Mail Group and has strong relationships with the different elements of its business, in particular Parcelforce Worldwide and Royal Mail. The award winner is an innovator and partner to Royal Mail Group, and is always looking to develop new systems which will help make the business more efficient.
Read MoreNeopost announced the acquisition of PFE International Ltd, a worldwide supplier of folders/inserters.
PFE is a privately-owned UK company which was founded in 1963. PFE generated sales of GBP 29.3 million in 2006, of which almost 80 pct came from outside the UK. PFE has a distributor network covering 55 countries as well as 10 subsidiaries located in Australia, Austria, Belgium, France, Germany, Ireland, Portugal, Singapore, the United Kingdom and the United States. The company employs 480 staff.
A strong complementarily exists between Neopost and PFE’s lines of folding and inserting products. Neopost is mainly focused in the lower volume market while PFE is strongly focused in the higher volume market. The transaction will result in a more comprehensive product line and a reinforced distribution network as well as increased synergies with Neopost’s mailing systems. The companies signed an agreement covering the acquisition of most of PFE’s activities.
The activities to be acquired generated sales of GBP 27.5 million in 2006 with an EBIT margin of about 5 pct. The transaction will be based on an enterprise value of GBP 27.2 million, around one times sales, and will be financed by the existing credit lines. The transaction remains subject to approval by the relevant regulatory authorities.
Read MoreNeopost Financial Results – First Half 2007
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