Quadient Acquires Package Concierge
Quadient concentrates its global locker expansion efforts on three key regions: the United States, Japan, and Europe.
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Smart lockers specialist Quadient reported the acquisition of US-based parcel management solutions provider Package Concierge. Financial terms of the deal were not disclosed.
Package Concierge provides digital locker technology that addresses the challenges of package management in residential, commercial, retail and university campuses across the United States.
As part of the ‘Elevate to 2030’ strategic plan announced earlier this year, Quadient is focused on generating more than €1 billion of subscription related revenue by 2030. The company aims to become the leader in intelligent business process automation by driving cross-selling opportunities within its 350,000 customer base.
Quadient concentrates its global locker expansion efforts on three key regions: the United States, Japan, and Europe. The addition of c.3,000 units from Package Concierge will boost its position in the US and push its global installed base beyond 25,000 units, a milestone set in its 2021 strategic plan.
This also puts it on track to exceed €100 million revenue in lockers in 2025, improve profitability and move closer to its 2030 goal of a 40,000 unit installed base.
Geoffrey Godet, CEO at Quadient, commented, “The acquisition of Package Concierge naturally aligns with Quadient’s ‘Elevate to 2030’ ambitions to automate first and last mile parcel delivery driven by rising ecommerce penetration and bring us closer to reaching the €200 million in revenue target set for 2030 for our lockers automation platform.”
“We’re excited to welcome the top industry talents from Package Concierge to the Quadient family and look forward to building a successful future together.”
