NEOPOST FINALIZES its MAJORITY STAKE IN TEMANDO
- Significant extension of Neopost software offerings in e-commerce
- Strong complementarity with the existing portfolio of Neopost Shipping Solutions
Paris, 7 April 2015
Neopost, the number 2 global supplier in Mail Solutions and a major player in Digital Communication and Shipping Solutions, today announced having taken a majority stake in Temando, an Australian technology company providing an intelligent fulfillment platform for the e-commerce and logistics industries. This press release follows the announcement made on 31 March 2015 disclosing advanced discussions between Neopost and Temando.
Neopost invested AUD 50m for the acquisition of existing shares and the subscription to new shares through a reserved capital increase.
Cash injected by Neopost through the capital increase would contribute to the funding of Temando investment in new product development and future expansion, leveraging Neopost global reach to access new markets, primarily in North America, UK and France.
Neopost and Temando are also considering to enter into a Put and Call Option deed, on the basis of which Neopost would progressively acquire the remaining shares of Temando.
Neopost expects return on capital employed to exceed 15% within a 5-year horizon.
Temando will be fully consolidated in Neopost's financial statements as from March 2015.
For more information on Temando, please refer to the press release dated 31 March 2015:
Or visit their web site: www.temando.com
Calendar
First-quarter 2015 sales will be published on 8 June 2015 after market close.
| ABOUT NEOPOST NEOPOST is the number 2 global supplier in Mail Solutions as well as a major player in Digital Communications and Shipping Solutions. His mission is to help organizations improve the way they manage their interactions with their customers and stakeholders. Neopost supplies the most technologically advanced solutions for physical mail processing (franking and folding/inserting systems), for digital communications management (Customer Communication Management and Data Quality software) as well as for supply-chain and e-commerce process improvement (from order to delivery including tracking related services). With a direct presence in 31 countries and more than 6,000 employees, Neopost reported annual sales of €1.1 billion in 2014. Its products and services are sold in more than 90 countries. Neopost is listed in Compartment A of Euronext Paris and belongs notably to the SBF 120 index. |
For more information, please contact:
| Gaële Le Men, Neopost | Fabrice Baron, DDB Financial |
| Financial, External & Internal Communication Director | Chairman |
| Tel: +33 (0)1 0 45 36 31 | Tel: +33 (0)1 53 32 61 27 |
| E-mail: g.le-men@neopost.com | E-mail: fabrice.baron@ddbfinancial.fr |
Or visit our web site: www.neopost.com
