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Belgium’s bpost to buy US e-commerce logistics firm Radial

LBR Staff Writer Published 10 October 2017

Belgium postal operator bpost has agreed to acquire US-based e-commerce logistics firm Radial for around $820m.

Based in King of Prussia in Pennsylvania, Radial offers integrated e-commerce logistics and omnichannel technology solutions for its customers.

The company also provides integrated services such as payment, tax and fraud protection, as well as fulfillment and customer care for brands and retailers.

Last year, Radial carried around 306 million units for the retail customers through its 4 fulfillment centers.

The expected normalized annual revenues of Radial for this year are estimated between $970m and $1,020m.

The acquisition will allow bpost to expand its e-commerce logistics services to the customers in Europe and North America.

Subject to customary closing conditions, the deal is expected to complete in the last quarter of this year.

bpost CEO Koen Van Gerven 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.”

Radial CEO Matthew Espe 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.”

bpost provides a range of products and services for the customers in the mail and parcel related businesses. Its core business is the collection, sorting, transportation and delivery of letters and parcels.

Image: bpost delivery cars. Photo: courtesy of Guuzjo / wikipedia.