bpost to acquire U.S. e-commerce firm for $820m

Belgian postal operator bpost will acquire 100 percent of the shares of Radial, an integrated e-commerce logistics and omnichannel technology solutions provider, for an enterprise value of $820 million, the companies said in a joint statement Monday.    Belgian postal operator bpost is acquiring Radial, an integrated e-commerce logistics and omnichannel technology solutions provider headquartered in King of Prussia, Penn., the companies announced in a joint press release Monday.
   bpost will acquire 100 percent of the shares of Radial for an enterprise value of $820 million, and intends to finance the deal by using a bridge financing upon closing. The transaction is expected to close during the fourth quarter of 2017.
   The companies said the deal gives bpost an “important foothold” in the United States and accelerates the development of bpost’s e-commerce logistics solutions.
   In 2016, Radial fulfilled more than 306 million units for its retail customers across 24 fulfillment centers, according to the company. For 2017, Radial’s normalized annual revenues are expected to range between $970 million and $1.02 billion.