Fluence Automation has been sold to BlueCrest, a portfolio company of Platinum Equity
Headquartered in Arlington Heights, Illinois, Fluence is a provider of automation solutions for postal, parcel and e-commerce fulfillment. The company designs, develops and supports fully automated sortation, distribution and mail process management solutions for commercial enterprises. Fluence’s solution set includes products for material handling; letters, parcels and flats sorting; high speed print and apply labeling; postal parcel processing; inbound / receiving; vote-by-mail; verification and inspection; postal shipping / application software for mail, flats and parcels; optical character recognition software and address look-up.
With this acquisition, Danbury, Connecticut-based BlueCrest now directly provides all critical solution layers to customers, such as application solutions with hardware, software, controls and imaging. Fluence will maintain its principal location in Arlington Heights, Illinois, and in the short term will be referred to as Fluence Automation, a BlueCrest company. For more information, please visit www.fluenceautomation.com and www.bluecrestinc.com.
Mike Swift, President of Fluence, commented, “The combination of our solutions with BlueCrest’s resources further strengthens our position in sortation technology. Our market focus has been on offering transformative automation for organizations that process mail and parcels. BlueCrest’s breadth and scale further enhances the technology and support that we can provide for our customers.”
Lincoln acted as the exclusive financial advisor to Fluence, working closely with its shareholders and management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction. Terms of the transaction were not disclosed.
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