PBS - Holding ag

Staples sells Global Accounts Business to PBS Holding

Over the past three years, Staples Solutions‘ strategy has been to move closer to the customer and reduce our organisational complexity. Our strategy to localise our business included moving most support functions from the centre to the countries, where customers are served. This has allowed us to become more customer-centric and create sustainable returns. In line with that strategy, last year we concluded to divest the last remaining centralised business at Staples Solutions, ie our GAT or International Contract Business.

We are pleased to announce the sale of the GAT (Global Accounts) Business to PBS as of February 19, 2021.

PBS sees the GAT business as an opportunity to continue growing its direct-to-customer business and is strategically the best positioned office supplies company to manage the needs of these strategic international customers.

PBS is one of the leading office supplies distributors and resellers in Central and Eastern Europe. Local sales and logistics teams across eight countries take care of more than 200,000 customers. More than 1,400 employees generate annual revenue of €330m in 2020. PBS is multi-channel, which means taking a leading role in Wholesale and Direct channels in the respective countries.

The entire Staples Solutions Global Accounts Team under leadership of Ian Kirton will transfer to PBS with the sale, along with a number of key local account managers.

 

(Press Release Staples Solutions, February 2021)