A Belgian company will buy KoP's Radial in a $820M bid against Amazon - Technical.ly Philly

Business

Oct. 9, 2017 12:15 pm

A Belgian company will buy KoP’s Radial in a $820M bid against Amazon

The ecommerce logistics company, formerly eBay Enterprise, employs 400 out of its King of Prussia HQ.

Radial has 24 fulfillment centers across the U.S. and Europe.

(Courtesy photo)

Amid what TechCrunch is calling a “heated” global race in ecommerce, King of Prussia, Pa.-based Radial – a provider of ecommerce logistic services like fulfillment and omni-channel processing — has agreed to be acquired by the Belgian Post Group (aka bpost) in a $820 million deal expected to close in the last quarter of 2017.

Radial operates 24 fulfillment centers in Europe and the U.S., with 400 staffers perched at its suburban headquarters. In 2016, it fulfilled some 306 million units for ecommerce clients, a group that includes brands like Levi’s, Sony and PetSmart. The deal will help bpost beef up the offerings of its U.S.-based Landmark Global business and create some formidable competition for Amazon in the fulfillment space.

Radial has some ties to the OG Philly tech scene. The story is complex, so let’s break it down:

“There has never been a more important time when it comes to helping brands grow their online business profitably, especially when reaching their customer base internationally,” said Radial CEO Matthew Espe in a statement. “Joining the bpost family is a critical next step for both companies.”

Advertisement

A Radial spokesperson said the company has 400 staffers perched at its suburban headquarters.

-30-
Roberto Torres

Roberto Torres became Technical.ly Lead Philly Reporter in May 2016. Prior, he was a freelance contributor to Technical.ly and Al Dia News. The native Venezuelan moved to Philadelphia in 2015 after reporting on research at his alma mater, the University of Zulia. Whenever he's not fencing deadlines, he can be found standing in line at Overbrook Pizza in West Philly, running Netflix/Hulu marathons with his wife or reading news from Venezuela.

Advertisement

Sign-up for regular updates from Technical.ly

Do NOT follow this link or you will be banned from the site!