Worldwide

Bpost to acquire U.S. e-commerce firm for $820m

With Amazon showing no intention of slowing down its supply chain investments, retailers turn to third-party platforms such as Radial when they don't have the resources to handle fulfillment themselves. That's a company that launched in 2016 as a spin-off of the former eBay Enterprise operation.

Last year, Radial carried around 306 million units for the retail customers through its 4 fulfillment centers. The deal - one of Bpost's largest acquisitions - will boost the company's earnings-per-share beginning in 2020 and is expected to close in the fourth quarter.

Koen Van Gerven, CEO of bpost, commented: "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". The expertise and capabilities of Radial employees are a unique complement to bpost and will help us in becoming a leader in e-commerce logistics.

Bpost, Belgium's national postal deliverer, said on Monday it has agreed to buy Radial, the USA -based distribution centre operator, for $820 million in cash and debt.

"There has never been a more important time when it comes to helping brands grow their online business profitably", Radial Chief Executive Officer Matthew Espe said, "especially when reaching their customer base internationally".

It's interesting to see a national postal service investing in ecommerce to find growth and customer loyalty. Belgium may be a small market but it does at least seem to be home to adventurous and innovative thinking.



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