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  6. Pitney Bowes Acquires PSI Group

M&A Deal Summary

Pitney Bowes Acquires PSI Group

On August 1, 2002, Pitney Bowes acquired communications company PSI Group for 130M USD

Acquisition Highlights
  • This is Pitney Bowes’ 3rd transaction in the Communications sector.
  • This is Pitney Bowes’ 7th largest (disclosed) transaction.
  • This is Pitney Bowes’ 3rd transaction in the United States.
  • This is Pitney Bowes’ 1st transaction in Nebraska.

M&A Deal Summary
Date 2002-08-01
Target PSI Group
Sector Communications
Buyer(s) Pitney Bowes
Deal Type Add-on Acquisition
Deal Value 130M USD

Target

PSI Group

Omaha, Nebraska, United States
PSI Group, Inc., prepares, sorts and aggregates mail to earn postal discounts and expedite delivery for its customers. As a wholly owned subsidiary of Pitney Bowes, PSI will operate under its current management and continue to focus on providing presort mail services.

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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 5 of 26
Sector: Communications M&A 3 of 5
Type: Add-on Acquisition M&A Deals 1 of 18
State: Nebraska M&A 1 of 1
Country: United States M&A 3 of 19
Year: 2002 M&A 1 of 2
Size (of disclosed) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-31 Secap SA

France

Secap offers a range of mail processing and paper handling equipment, supplies and technology for low- to mid-volume mailers.

Buy €220M
FOLLOWING 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 -
Mergr

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