M&A Deal Summary

Pitney Bowes Acquires DDD

On October 23, 2003, Pitney Bowes acquired communications company DDD for 50M USD

Acquisition Highlights
  • This is Pitney Bowes’ 4th transaction in the Communications sector.
  • This is Pitney Bowes’ 10th largest (disclosed) transaction.
  • This is Pitney Bowes’ 5th transaction in the United States.
  • This is Pitney Bowes’ 1st transaction in Maryland.

M&A Deal Summary
Date 2003-10-23
Target DDD
Sector Communications
Buyer(s) Pitney Bowes
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

DDD

Landover, Maryland, United States
DDD Co., provides a broad array of services including, fulfillment services, secure mail processing, messenger services, logistics support, and record and information management.

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Buyer(S) 1

Buyer

Pitney Bowes

Stamford, Connecticut, United States
Category Company
Founded 1920
Sector Business Services
Employees10,500
Revenue 3.3B USD (2023)
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. Many of the company's solutions are delivered on open platforms to best organize, analyze and apply both public and proprietary data to two-way customer communications. Pitney Bowes includes direct mail, transactional mail and call center communications in its solution mix along with digital channel messaging for the Web, email and mobile applications. Pitney Bowes was founded in 1920 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 7 of 26
Sector (Communications) 4 of 5
Type (Add-on Acquisition) 2 of 18
State (Maryland) 1 of 2
Country (United States) 5 of 19
Year (2003) 1 of 1
Size (of disclosed) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-17 MailCode

Lafayette, Indiana, United States

MailCode, Inc., offers mail processing solutions for incoming and outgoing mail sorting through an innovative and flexible line of Multi-line Optical Character Recognition (MLOCR) sorters, internet-based track and trace software applications as well as encoding and voice recognition systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-24 International Mail Express

New York, New York, United States

International Mail Express, Inc. the consolidators of IPA and ISALin the United States providing mail operations facilities strategically located in New York,San Fransico,Dallas and Miami.

Buy $29M
Mergr

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Company

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