Mailroom technology provider FP Mailing Solutions announced yesterday that Quadriga Capital, a European private equity firm, purchased its Germany-based parent company, Francotyp-Postalia AG & CO KG.
Terms of the acquisition were not disclosed.
FP Mailing Solutions CEO Mike Doumas, who took the position in November, said the acquisition would give his company a chance to enhance its market share.
FP Mailing Solutions, Addison, IL, makes postage meters. The company also provides folding and inserting systems for multi-part mass mailings including direct mail and invoices.
