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Pitney Bowes Completes $117 Million Financing Deal for Post Austria
Capital Services Provides Unique Financing Options for Global Posts
Pitney Bowes (NYSE: PBI) today announced the completion of a deal with Post Austria to finance $117 million in leading-edge, high-speed mail sorting equipment through its Capital Services group, the world leader in financing for public and private Posts."New mailing technologies are creating tremendous opportunities for Posts to improve their efficiency, offer new value-added products, develop new revenue streams, and enhance customer satisfaction," said Keith Williamson, President, Pitney Bowes Capital Services. "We view Posts as strategic partners and by providing structured financing arrangements, we enable them to acquire new technologies that will help them to be more successful in their markets. Our unparalleled knowledge of the mailing industry combined with our financial expertise results in the unique ability to craft capital solutions that fit their needs."
In addition to this deal, Pitney Bowes Capital Services has structured similar financing arrangements for Australia Post, Royal Mail and Deutsche Post.
"We are pleased to partner with Pitney Bowes to finance our purchase of new mailing technology," said Gerald Kisling, Treasurer, Post Austria. "They were able to leverage their knowledge in mailing equipment and expertise in strategic financing to quickly and efficiently complete the deal. This new equipment will enable us to improve our operations and better serve our customers."
"This deal, as well as our other postal financing arrangements, is reflective of our strategy to deliver customer and shareholder value by focusing our Capital Services efforts in and around the mail stream," said Michael J. Critelli, Chairman and CEO of Pitney Bowes. Pitney Bowes is a $4.1 billion global provider of integrated mail and document management solutions headquartered in Stamford, Connecticut.
Pitney Bowes Capital Services provides large-ticket, custom-tailored financial solutions to businesses, posts and government institutions worldwide. Please visit http://www.pb.com for more information.
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SOURCE Pitney Bowes
CONTACT: Dan Burris of Pitney Bowes, +1-203-351-6477,
daniel.burris@pb.com
URL: http://www.pb.com
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