Bpost acquires USA-based e-commerce technology developer Radial

0

Belgian postal operator Bpost has announced the acquisition of Radial, a provider of integrated e-commerce logistics and omnichannel technology solutions. The agreement will see Bpost acquire 100% of the shares for US$820m.

In 2016, Radial fulfilled over 306 million units for its retail customers, across 24 fulfillment centers. As well as facilitating transportation, Radial also offers integrated services such as payment, fulfillment, customer care, and tax and fraud protection services for retailers.

In addition to gaining an important foothold in the USA, the acquisition will enable Bpost to strengthen its cross-border proposition for customers in Europe and North America.

Koen Van Gerven, CEO of Bpost, said, “I’m very proud of this acquisition that represents a great leap forward for Bpost, promoting us as a leading player in the e-commerce logistics business in the Benelux, Europe and throughout the world.

“I’m convinced that offering integrated and seamless e-commerce logistic solutions to our US and European customers will help them grow their businesses. The expertise and capabilities of Radial employees are a unique complement to Bpost and will help us in becoming a leader in e-commerce logistics. I’m very happy to welcome all Radial employees to our Bpost family.”

Matthew Espe, CEO of Radial, said, “Radial represents the gold standard for profitable e-commerce and omnichannel technology arming merchants with the capabilities needed to operate at a global scale. There has never been a more important time when it comes to helping brands grow their online business profitably, especially when reaching their customer base internationally. Joining the Bpost family is a critical next step for both companies as we strive to help meet customer expectations on the backbone of industry-leading technology and services.”

October 9, 2017

Share.

About Author

mm

Dan joined Postal and Parcel Technology International in 2014 having spent the early years of his career in the recruitment industry. As assistant editor, he now produces daily content for the website and supports the editors with the publication of each exciting new issue. When he’s not reporting on the latest logistics news, Dan can be found apprehensively planning his next DIY project for his new home.

Comments are closed.