Quadient Expands Global Reach with Package Concierge Acquisition
Deal News | Dec 18, 2024 | Globenewswire
Quadient, a global leader in automation platforms, has acquired Package Concierge, a US-based provider of package management solutions. This acquisition boosts Quadient's global installations to over 25,000 units and marks a significant step in their strategic plan, 'Elevate to 2030.' The company aims to exceed €100 million in revenues from package solutions by 2025, focusing on key regions including the US, Japan, and Europe. Their goal is to dominate intelligent business process automation, leveraging cross-selling opportunities among its extensive client base. With the acquisition finalized on December 17, 2024, Quadient further solidifies its leadership position in the US, enhancing profitability and aligning with its target of 40,000 installations by 2030. The move aligns with growing e-commerce trends, aimed at automating parcel delivery in response to increased demand. Geoffrey Godet, CEO of Quadient, emphasized the strategic acquisition's role in reaching €200 million in automation platform revenues by 2030, while welcoming Package Concierge's talented team into the Quadient family.
Sectors
- Automation
- E-commerce
- Logistics
Geography
- United States – Major focus for Quadient's expansion and location of Package Concierge.
- Europe – One of the key regions in Quadient's strategic growth plan.
- Japan – Another targeted region for Quadient's network expansion according to their strategic plan.
Industry
- Automation – Relevant due to Quadient's focus on automating business processes and parcel management solutions.
- E-commerce – Package Concierge's solutions address parcel management challenges prompted by e-commerce growth.
- Logistics – The acquisition focuses on enhancing parcel delivery systems, a key component of logistics.
Financials
- €100 million – Revenue target from locker segment by 2025 for Quadient.
- €200 million – Revenue target from Quadient's automation platform by 2030.
Participants
Name | Role | Type | Description |
---|---|---|---|
Quadient | Acquiring Company | Company | A global platform for facilitating secure, sustainable professional interactions through automation. |
Package Concierge | Target Company | Company | A provider of innovative electronic locker technology solutions for parcel management based in the US. |
Geoffrey Godet | CEO | Person | CEO of Quadient, commented on the strategic importance of the acquisition. |