XBP Europe to acquire Exela Technologies BPA for $1 bln revenue.

• XBP Europe Holdings acquires Exela Technologies BPA, expanding revenue to $1 billion • Acquisition subject to BPA's corporate reorganization for a sustainable capital structure • Combined entity will leverage AI-enabled technologies • BPA is a leading provider of business process automation solutions.

The financial world is abuzz with the latest development in the business process automation (BPA) sector. XBP Europe Holdings, a subsidiary of Exela Technologies and CF Acquisition Corp. VIII, has announced its acquisition of Exela Technologies' Business Process Automation (BPA) division [1]. This strategic move is expected to expand XBP Europe's revenue to a significant $1 billion.

The acquisition, valued at an initial enterprise value of $220 million [1], is subject to Exela Technologies' BPA division's corporate reorganization for a sustainable capital structure. The combined entity will leverage AI-enabled technologies to streamline business processes and improve operational efficiency.

Exela Technologies' BPA division is a leading provider of BPA solutions, connecting buyers and suppliers across various industries and sizes to optimize their bills and payment processes [1]. The acquisition will enable XBP Europe to expand its reach and enhance its offerings, further solidifying its position in the competitive BPA market.

The transaction is expected to close in the first half of 2023 and is subject to customary closing conditions [1]. With the acquisition, XBP Europe will continue to execute its strategy in enhancing the payments ecosystem across the European continent.

In conclusion, XBP Europe Holdings' acquisition of Exela Technologies BPA is a strategic move towards achieving a significant revenue stream of $1 billion. The combined entity's focus on AI-enabled technologies and business process optimization positions it well for success in the competitive BPA market.

References:
[1] Exela Technologies, Inc. Press Release. (2022, October 10). Exela Technologies, Inc.'s European Business to Go Public Through Merger with CF Acquisition Corp. VIII. Retrieved from https://www.exelatech.com/press-release/exela-technologies-incs-european-business-go-public-through-merger-cf-acquisition