Pitney Bowes To Acquire Newgistics As It Expands Offerings

9/12/17

Quick Take

Pitney Bowes (PBI) has announced an agreement to acquire digital commerce firm Newgistics for $475 million.

Newgistics has developed a suite of e-commerce shipping solutions for residential shippers using commercial and USPS shipping options.

Pitney Bowes is acquiring Newgistics to expand its e-commerce and shipping offerings as it seeks to win a larger slice of the growing e-commerce pie.

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