deals 33
Acquisition of the international mail activities of Pitney Bowes by Asendia
Asendia, the joint venture created in 2012 between two of the world’s leading postal operators: Swiss Post and La Poste, has agreed to acquire the international mail activities of Pitney Bowes in the UK.
Asendia UK CEO Frederic Petton commented: “The acquisition reinforces our market position in the United Kingdom, a key market for Asendia, and underlines the company’s strategy for development and growth in cross-border mail. Our slogan, ‘The world is your address’, is a pledge to our customers that our solutions will support them wherever in the world their mail needs to go.
“For the time being operations for all of Pitney Bowes’ customers will continue as usual. Our aim going forward, however, is to offer an even wider range of high-quality, value-added products and services for international mail, and to continue to be counted on for excellence, innovation and efficiency in international mail.”
Clarkslegal advises Eden Automotive Investments
Law firm Clarkslegal has advised Eden Automotive Investments (part of the Eden Motor group) in its purchase of Alan Gibson, a multi-motor dealership based in Basingstoke.
This is the fourth acquisition in the past 24 months which Reading-based Clarkslegal has handled for Eden, working closely with the management as the group continues its strategy of growth through acquisition.
Spearheaded by the dynamic and experienced former managing director of Inchcape plc (in the UK, Europe and Latin America), Graeme Potts, Eden continues to buck the economic trend of the automotive industry, expanding across the south of England with operations now in Basingstoke, Bracknell, Branksome, Camberley, Christchurch, Exeter, Fareham, Honiton, Newbury and Reading. Following the most recent acquisition, Eden welcomes Fiat, Mazda, Hyundai and Alfa Romeo brands to it portfolio, which already boasts Vauxhall, Chevrolet and Saab.
Blackwell’s sells division for £2.1m
Oxford-based Blackwell’s has sold its academic library services contracts to book wholesaler Bertrams for £2.1 million. Reports said that up to 55 Blackwell’s staff were expected to be made redundant as a result of the move, which follows a decision by the retailer to close its library supply business.
Blackwell’s decided to close its library services division to concentrate on its retail and digital arm and “reshape the company for the 21st century”.
Bertrams revealed the news as part of a Smiths News trading update for the six months to February 28, 2013, in which it revealed like-for-like revenue was up by 2.8% and operating profit was up 7.6% to £3.5m.
Blackwell’s David Prescott said: “The Blackwell’s Board is focused on our bookshop business and the direct opportunity to develop our digital offering to student, academic and professional customers. We are making this move to invest and tailor our services for the future as Blackwell’s remains determined to be at the forefront of these developments.”
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page.indd 1 THE BUSINESS MAGAZINE – THAMES VALLEY – MAY 2013
www.businessmag.co.uk 04/04/2013 11:47
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