DGAP-Adhoc: Francotyp-Postalia Holding AG: Francotyp-Postalia acquires Azolver

Ad Hoc Notice
Disclosure of Inside Information
according to Art. 17 of Regulation (EU) No. 596/2014

Francotyp-Postalia acquires Azolver

Berlin, March 22, 2022 – Francotyp-Postalia Holding AG (ISIN DE000FPH9000) announces that Francotyp-Postalia (FP) has reached an agreement today with Azolver Holding GmbH to acquire all shares in Azolver’s operating companies. The purchase in rem has been agreed for March 23, 2022.

Azolver mainly sells hardware for mail processing (franking machines) and also offers software for asset tracking and parcel shipping in Norway, Sweden, Finland, Denmark, Switzerland and Italy. In addition, FP acquires a fully integrated technology and service center in Estonia and logistics facilities in Belgium.

With this acquisition, FP is expanding its position in the market for mailing, shipping & office solutions in Northern Europe, Switzerland and Italy. FP will benefit from realizing synergies in a consolidated market. Azolver’s technology and service center with the areas of finance, customer support, software development and IT will support the transformation of the entire FP Group.

In order to define the business areas more clearly, FP is renaming the “Franking & Office Solutions” business area to “Mailing, Shipping & Office Solutions” and the “Software & Business Process Automation” business area to “Digital Business Solutions”.

Based on preliminary financial statements, the acquired companies are reporting sales of around EUR 30 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of around EUR 3.8 million for 2021.

The purchase price is an amount in the lower double-digit million euro range, which includes freely available cash in the upper single-digit million euro range. The purchase price is mainly financed from freely available credit lines from the current syndicated loan agreement. The remaining part is financed from our own liquid funds.

For investor relations and press inquiries please contact:
Anna Lehmann

Phone: +49 30 220 660 410
Email: [email protected]

About Francotyp-Postalia:

The listed Francotyp-Postalia Holding AG based in Berlin is the holding company of the global FP Group (FP). FP is an expert in solutions that make office and work life easier and more efficient. FP has the following business areas: Digital Business Solutions, Mailing, Shipping & Office Solutions and Mail Services. In the Digital Business Solutions business area, FP optimizes customers’ business processes and offers solutions such as electronic signatures, hybrid mail, input/output management for physical and digital documents and data-driven automation of complex business processes. In the Mailing, Shipping & Office Solutions business segment, FP is the world’s third-largest provider of mailing systems and the market leader in Germany and Austria. FP is represented in ten countries with its own subsidiaries and in 40 other countries through a dealer network. In the Mail Services business area, FP offers the consolidation of business mail and is one of the leading providers in Germany. In 2020, FP generated sales of around EUR 196 million.

Contact:
Francotyp-Postalia Holding AG

Anna Lehmann

Telephone: +49 (0)30 220 660 410
Fax: +49 (0)30 220 660 425
Email: [email protected]