Stamps.com plans to acquire UK-based Metapack, adding SaaS-based, multi-carrier management software to its online postage solution, expanding its global footprint and giving it more of an enterprise focus. The $230 million deal is expected to close sometime in August.
“The acquisition of MetaPack represents a significant strategic investment in our global e-commerce shipping business,” said Stamps.com chairman and CEO Ken McBride in a statement. “MetaPack has significant business in Europe, complementing Stamps.com’s strong position in the U.S. It also serves the largest enterprises and retailers, complementing Stamps.com’s traditional focus on smaller businesses.”
MetaPack, with $42.1 million in fiscal 2018 revenue, has more than 500 customers including major retailers such as Argos, Asos, John Lewis and Marks & Spencer, and popular brands like Fossil, L’Occitane, Timberland and The North Face. The company has about 350 employees in six locations around the world.
One of the leading ecommerce shipping solutions in the UK, Metapack has expanded its partnerships and integrations to attract more business.
The company’s platform offers support for more than 450 parcel carriers in 200+ countries, track and trace, parcel returns, delivery analysis and carrier SLA monitoring, cross-border shipping and dynamic delivery options. Metapack said it processed more than 550 million parcel shipments in 2017.
“This is a hugely exciting development for MetaPack,” said Steve Rowley, the company’s executive chairman, in a statement. “The acquisition by Stamps.com is positive news for our customers, partners and employees. As well as enabling us to broaden our proposition and enhance our global label library, it also gives us the degree of scale and support that we need to service global e-commerce customers.”