- June 24, 2021
- Posted by: Stratford Team
- Category: Business
Quadient Announces Agreement to Divest its Automated Packaging Solutions Business to Standard Investment
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Agreement includes sale of the production facility based in Drachten, the Netherlands, and the gradual transfer of Quadient’s mid-range folders/inserters production to other Quadient industrial sites and suppliers
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Deal will contribute significantly to Quadient’s industrial footprint optimization and further reducing the Additional Operations segment, in line with the Back to Growth strategy
Paris, 24 June 2021
Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, announced today it has entered into a sale agreement with Dutch private equity firm Standard Investment for the sale of its Automated Packaging Solutions (APS) business and production facility based in Drachten, the Netherlands.
Geoffrey Godet, Chief Executive Officer of Quadient, commented: “As we…
