( MENAFN - GlobeNewsWire - Nasdaq) Merger would expand XBP Europe into a $1 billion revenue business SANTA MONICA, Calif., March 04, 2025 (GLOBE NEWSWIRE) -- XBP Europe Holdings, ("XBP Europe") (Nasdaq: XBP), a pan-European integrator of bills, payments, and related solutions and services, today announced that it has entered into an exclusive, non-binding letter of intent with Exela Technologies, Inc. to acquire Exela Technologies BPA, LLC ("BPA"), a leading provider of business process solutions. The closing of the will be subject to BPA completing a corporate reorganization which is expected to create a sustainable capital structure with a substantially deleveraged balance sheet. If completed, the acquisition will expand XBP Europe's revenue to more than $1 billion from $145 million on a pro forma basis for the twelve months ending September 30, 2024.