Merger would expand XBP Europe into a $1 billion revenue businessSANTA MONICA, Calif., March 04, 2025 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc.("XBP Europe”) (Nasdaq: XBP), a pan-European integrator of bills, payments, and related solutions and services, today announced that it has entered into an exclusive, non-binding letter of intent with Exela Technologies, Inc.to acquire Exela Technologies BPA, LLC ("BPA”), a leading provider of business process automation solutions.
"BPA has a longstanding blue chip client base in the Americas and a growing business in APAC, and with a reconstituted global platform, we look forward to competing with the top global business process automation players.” The parties have agreed to act in good faith to negotiate definitive agreements, complete due diligence, undertake necessary regulatory approvals, and seek any necessary approvals, including from XBP Europe's shareholders.
Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, BPA’s software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector.
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