Delphi Advisors GmbH advised Pitney Bowes with the divestiture of its International Mailing and Production Mail direct channel and service operations in China and Hong Kong to Smartech.
Pitney Bowes (NYSE: PBI), a leading global technology provider of products and services that is active in the following key areas: customer information management, location intelligence, customer engagement, shipping and mailing and global e-commerce, in January 2016 closed the transaction to sell its direct sales and service channel operations based in Hong Kong and China, to Smartech, a privately held premier, US based national provider of complimentary maintenance and technology services.
Delphi Advisors, together with its partner INTL FCStone Financial Inc. acted as the exclusive strategic and financial advisor to Pitney Bowes.
The transaction includes a set of commercial agreements related to product sales, product supply and technical support. Smartech will become the exclusive value added reseller of Pitney Bowes’ products in the covered regions.
About Pitney Bowes
Pitney Bowes provides innovations that support customers with the evolving complexities of the world of commerce from helping them use data to market to the best customers, to efficiently enabling the sending of parcels and packages, to securing payments through statements and invoices. Generating $3.6 billion in turnover and employing 16.000 professionals Pitney Bowes operates globally.
About Delphi Advisors
Delphi Advisors, with offices in Frankfurt am Main, Germany specializes in developing growth strategies and implementing cross-border expansion and Mergers and Acquisitions projects, including complex corporate carve-outs for European, North American and Asian clients.