Announced

Escher to acquire Syslore.

Synopsis

Escher, the company that transforms postal operators and couriers, agreed to acquire Syslore, a Helsinki-based provider of AI-powered services to post and parcel carriers everywhere. Financial terms were not disclosed. “That is why we are so excited to welcome Syslore to Escher Group. Their differentiated solutions reduce manual sorting of parcels and mail and, where still required, make manual sorting faster and more efficient. This is the next step in our continued effort to empower Posts to harness ecommerce growth and deliver omnichannel experiences from the first to the last mile,” Brody Buhler, Escher Group CEO.

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