AS Equity Partners to acquire Swiss Post Solutions from Swiss Post for $406m.

AS Equity Partners, a London based investment firm with offices in London and Zürich, agreed to acquire Swiss Post Solutions, the business process outsourcing solutions unit of Swiss Post, the national postal service of Switzerland, for $406m. "We didn’t take this decision lightly. SPS is a well established and successful company. However, it does not fit in with the consistent implementation of our strategy, which focuses on investment and growth that clearly prioritizes our core businesses of logistics and communication. Here, we are systematically pursuing the goal of financing and developing the public service in Switzerland from our own resources. SPS does not provide any universal services and is increasingly growing overseas. This also requires investment. This is why we firmly believe that AS Equity Partners is a more suitable partner to ensure that SPS will enjoy a successful future, while allowing us to focus on our services in our core business," Roberto Cirillo, Swiss Post CEO.