SingPost takes full control of DataPost

For S$6 million, SingPost acquired the remaining 30% stake in DataPost to further develop its hybrid mail business in the region.

Now a wholly-owned subsidiary of SingPost, DataPost provides end-to-end mailing services including confidential data printing, letter shopping and enveloping, to major customers such as banks, insurance companies, government agencies and telcos.

Mr Ng Hin Lee, SingPost’s Chief Executive Officer for Postal and Corporate Services, said, “SingPost has been pursuing regional growth and since 2009, has made several strategic acquisitions including cross-border mail-logistics company Quantium Solutions and Postea Inc, a US-incorporated technology company specializing in technology solutions for the postal and logistics industries."

He added, "We are happy with this DataPost acquisition as it gives us another platform to expand our regional business.”

DataPost was set up in 1994 to tap the data printing and mailing (hybrid mail) business in Singapore.