Bavaria Industries acquired SMB Business of Pitney Bowes.

BAVARIA Industries Group, a leading global private equity firm. Pitney Bowes continues to make significant progress in continuing to create a portfolio focused on growth through shipping and mailing within major markets, acquired SMB business in six European countries - Sweden, Norway, Denmark, Finland, Switzerland, and Italy from Pitney Bowes, a global technology company that provides commerce solutions in the areas of eCommerce, shipping, mailing, and data. Financial terms were not disclosed. “This acquisition is beneficial for both Pitney Bowes and BAVARIA Industries Group AG. In BAVARIA Industries Group AG, we have found the ideal partner with the committed resources to deliver a positive client experience for our entire portfolio throughout Europe. We will work closely with BAVARIA Industries Group AG to ensure the transition happens without disruption to our employees, clients, suppliers, and partners.” Christoph Stehmann, SMB Solutions Executive Vice President, International.