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M&A Deal Summary

Pitney Bowes Acquires Asterion SAS

On September 12, 2007, Pitney Bowes acquired internet software and services company Asterion SAS for 24M EUR

Acquisition Highlights
  • This is Pitney Bowes’ 3rd transaction in the Internet Software and Services sector.
  • This is Pitney Bowes’ 14th largest (disclosed) transaction.
  • This is Pitney Bowes’ 2nd transaction in France.

M&A Deal Summary
Date 2007-09-12
Target Asterion SAS
Sector Internet Software and Services
Buyer(s) Pitney Bowes
Deal Type Add-on Acquisition
Deal Value 24M EUR

Target

Asterion SAS

Cedex, France
Asterion has a diverse customer base and generated $88 million of revenue in 2006. It employs 740 people, all of whom are located at its current headquarters in St. Denis, France, and its nine facilities located throughout France.

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Buyer(S) 1

Buyer

Pitney Bowes

Stamford, Connecticut, United States
Category Company
Founded 1920
Sector Business Services
Employees7,200
Revenue 2.0B USD (2024)
DESCRIPTION
Pitney Bowes facility in Danbury, Connecticut.
Pitney Bowes facility in Danbury, Connecticut.

Pitney Bowes provides technology solutions for small, mid-size and large firms that help them connect with customers to build loyalty and grow revenue. Pitney Bowes was founded in 1920 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 19 of 26
Sector: Internet Software and Services M&A 3 of 8
Type: Add-on Acquisition M&A Deals 12 of 18
Country: France M&A 2 of 2
Year: 2007 M&A 3 of 3
Size (of disclosed) 14 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Digital Cement

Toronto, Ontario, Canada

Digital Cement is a professional services firm that provides relationship management strategy and services to help companies acquire, retain, manage and grow their customer relationships.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-02 Emtex Software

Kings Langley, United Kingdom

Emtex Software Ltd. is a developer of software and services to simplify document production and centrally manage complex multi-vendor and multi-site print operations.

Buy $41M
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