TNT sells document management business
TNT N.V. has announced that agreement has been reached to sell the business line Document Management (part of Cendris) in the Netherlands, to Spanish-based Service Point Solutions, S.A. (SPS) for an amount of € 27 million. SPS is a listed company specialising in reprographic solutions, document management and facility management. The company is headquartered in Barcelona.
The activities of the business line Document Management of Cendris consist of mailroom management, reprographics and scanning & capture services. The business activity includes the on-site management of 150 large mailrooms and 48 reprographic centres for its customers. Document Management employs in total over 900 people and has annual revenues of around € 70 million.
As result of its strategic review, TNT came to the conclusion that the business line Document Management was not core to TNT's focus strategy and no longer added value to the other services of Cendris.