Quadient rises on acquisition of US-based Package Concierge

Quadient

18/12/2024 08:45

** 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))