Quadient Reviews Lockers Business for Potential Sale or Spin-Off
Event summary
- Quadient has initiated a strategic review of its Lockers business, which generated €114 million in FY 2025 (11% of total revenue).
- The Lockers Solution has grown from 2,000 to over 28,000 lockers worldwide since 2018.
- Lockers subscription-related revenue grew at double digits over the past four years, representing 80% of Lockers revenue in Q1 2026.
- Quadient expects to provide an update on the strategic review by September 23, 2026.
The big picture
Quadient’s strategic review of its Lockers business reflects a broader trend among automation platform providers to optimize portfolio value. The move comes as the Lockers Solution has achieved significant scale and profitability, positioning it for potential standalone growth or integration with other players in the e-commerce logistics space.
What we're watching
- Strategic Alignment
- How Quadient’s 'Elevate to 2030' strategy will influence the Lockers business’s future.
- Market Positioning
- Whether Quadient can sustain its leading position in key e-commerce markets like the US, Japan, and the UK.
- Financial Performance
- The pace at which Lockers EBITDA margin exceeds 10% in FY 2026.
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