Pitney Bowes Inc. completed two deals that extend its reach overseas, the Stamford, CT, company said yesterday. They are the acquisition of certain assets of Kilburn Office Automation Ltd. in India and the formation of a joint venture with Semco Participacoes Limitada in Brazil.
With these transactions, Pitney Bowes establishes direct sales operations in two of the world's top 15 mailing markets with combined mail volumes of 23 billion pieces annually.
Though no financial details were disclosed, neither transaction will have a material effect on its results, Pitney Bowes said.
India Post handles 14 billion pieces of mail yearly, making it second in Asia and sixth in global postal volume. Kilburn had acted as a distributor for some Pitney Bowes mailing products since 1996. The new direct operation, known as Pitney Bowes India Private Limited (Pitney Bowes India), will provide mailing equipment and systems. The business will be based in New Delhi, with offices in 17 other locations throughout the country.
Correios, the Brazilian post, handles 9 billion mail pieces annually, making it the 13th-largest postal service in the world. The new direct operations in Brazil will be known as Pitney Bowes Semco Equipamentos e Servicos Limitada. It will offer a range of mailing equipment, software and services, including production mail. The operation will be based in Sao Paulo.
Melissa Campanelli covers postal news, CRM and database marketing for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters
