BUZZ-Quadient rises on acquisition of US-based Package Concierge

Reuters
2024-12-18
BUZZ-Quadient rises on acquisition of US-based Package Concierge

** Shares in Quadient QDT.PA jump as much as 6.2% after the French company said it has acquired U.S.-based parcel management solutions provider Package Concierge

** With the transaction, Quadient surpasses 25,000 global parcel locker installations, it says

** Analysts at Portzamparc say the acquisition of the Northeastern U.S. focussed company complements Quadient's historical focus on the West Coast

** At 0842 GMT, Quadient's shares are up 5%, trading at their highest levels since July

(Reporting by Jakob Van Calster)

((Jakob.vancalster@thomsonreuters.com))

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