Pitney Bowes signs, seals and delivers deal for Newgistics

Pitney Bowes has agreed to buy Newgistics, a Texas-based provider of parcel delivery, returns, fulfilment and e-commerce solutions, for a sum of around $475m. The company is a workshare partner of the United States Postal Service (USPS) and processes nearly 100m parcels annually. The acquisition will accelerate Pitney Bowes’ expansion into the US domestic parcels market at scale, enabling┬áthe company to deliver a broad e-commerce and parcel management service to retailers, SMBs and enterprise clients alike.

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