Pitney Bowes In Negotiations to Acquire Secap
Pitney Bowes Inc. (NYSE:PBI)
today announced that it is in discussions with Fimalac, the French
diversified services group, for the acquisition of Secap SA, Fimalac’s
mailing subsidiary. Secap provides a range of mail processing equipment,
supplies and technology for low- to mid-volume mailers. Pitney Bowes expects
customers to benefit from Secap’s innovative line of products and
shareholders to benefit from Secap’s more than 30% postage meter market
share in France and approximately 60% recurring rental revenue stream.
“This proposed acquisition is the next of a series of strategic actions that
we’ve taken to enhance our delivery of leading edge, integrated mail and
document management solutions to customers of all sizes worldwide,” said
Michael J. Critelli, Chairman and CEO of Pitney Bowes Inc.
