Ascom and Neopost Announce The Closing Of The Acquisition Of Ascom Hasler.Business/Technology Editors PARIS--(BUSINESS WIRE)--June 13, 2002 Ascom, the internationally active Swiss high-tech Group and Neopost, the number two world-wide supplier of mailing solutions, today announced the closing of the acquisition of Ascom Hasler, the number three world-wide supplier of mailing systems. Following the closing of Ascom Hasler North-American operations on February 28, 2002, this is now the second and last step of the transaction that is being processed, with the acquisition of Ascom Hasler's operations outside North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . In 2001, the revenues of Ascom Hasler outside North America were Euro 76 million, mainly from the UK, Germany and Switzerland. The price paid for the operations outside North America is Euro 84,2 million. These newly acquired operations will be consolidated within Neopost accounts starting on June 1, 2002. Ascom Hasler North America has been consolidated since March 1st, 2002. On 2002 fiscal year, Neopost will benefit from the contribution of Ascom Hasler North America for 11 months, and from the rest of the world's operations for 8 months. On the whole, the entire world-wide operations of Ascom Hasler achieved sales of Euro 207 million in 2001. The price paid for the overall acquisition is Euro 216.6 million. With this acquisition, Neopost's mailing system installed based market share grows from 15% to 25% world-wide. Commenting on the closing, Jean-Paul Villot, Neopost Chairman and Chief Executive Officer, said: "We are very happy to be able to close today the acquisition of Ascom Hasler, which is for us a major and strategic operation. We will immediately do everything to rapidly implement the planned synergies." Reminder of the timetable October 2, 2001 : announcement of the acquisition of Ascom Hasler January 10, 2002 : approval of the US Federal Trade Commission and UK decision referred to the UK Competition Commission February 28, 2002 : closing of the acquisition of the North American operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. of Ascom Hasler May 23, 2002 : acquisition of Ascom Hasler in the UK approved without condition by the UK Competition Minister May 31, 2002 : closing of the acquisition of Ascom Hasler About Neopost Neopost is the European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. leader and the number two world-wide supplier of mailing and logistics solutions. Neopost offers advanced solutions for online or off-line postage POSTAGE. The money charged by law for carrying letters, packets and documents by mail. By act of congress of March 3, 1851, Minot's Statute at Large, U. S. 587, it is enacted as follows: 2.-Sec. 1. , large volume mail insertions, occasional parcel delivery or logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet and traceability. Headquartered near Paris, France, the Neopost Group has operations in the world's top mailing and logistics markets: United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , France, the United Kingdom, Canada, Italy, the Netherlands, Spain, Belgium and Ireland. Neopost products are sold in 70 countries. Neopost posted sales for 2001 of Euro 575 million. Neopost is listed on the "Premier Marche Marche, region, Italy Marche (mär`kā) or the Marches, region (1991 pop. 1,429,205), 3,742 sq mi (9,692 sq km), E central Italy, extending from the eastern slopes of the Apennines to the Adriatic Sea. " of Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. , and is included in the following indices: SBF SBF Studium Biblicum Franciscanum (Franciscan School of Biblical Investigations; Jerusalem, Israel) SBF Small Block Ford (automotive engine) SBF Single Black Female SBF Société des Bourses Francaises 120 and Next 150. Visit our website: www.neopost.com. |
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