IRVING, Texas, Nov. 21, 2025 (GLOBE NEWSWIRE) -- XBP Global Holdings, Inc. ("XBP Global" or "the Company") (NASDAQ: XBP), a workflow automation leader that leverages decades of industry experience, global footprint, and agentic AI to rethink business process automation and digital transformation, announced that its European subsidiary, XBP Europe, has been awarded a digital transformation contract by Saarland State Administration Office.
This win marks a significant expansion of XBP Europe's leadership in secure public-sector digitization and highlights XBP Global's role in shaping next-generation digital infrastructure for government institutions across Europe. The engagement strengthens the customer's long-term strategy of enabling digitally sovereign, compliant, and resilient administrative ecosystems as it will also include the delivery by XBP Europe of a government-grade digital chain of custody, enabling secure access, consistent data quality, and a scalable foundation for future automation and AI-enabled services.
"This is a strategic milestone that reinforces XBP Europe's position as a trusted modernization partner for high-security public-sector environments," said Vitalie Robu, President, XBP Europe. "Our TR-Resiscan 'Very High' certification, combined with our proprietary BoxOffice platform and XBP Logistics Manager, provides a compliant, audit-proof and transparent digital framework that meets the stringent requirements of German authorities. We are proud to support this state in advancing its digital transformation with responsibility, precision, and long-term value."
Services are expected to begin in the first quarter of 2026 following a short mobilization phase, with the full transformation delivered within a structured and transparent project governance model jointly overseen by the authority and XBP Europe.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. These statements include financial forecasts, projections, and other statements about future operations, financial position, business strategy, market opportunities, and trends. Forward-looking statements can often be identified by terms such as "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast," or similar expressions. This press release includes forward-looking non-GAAP financial measures, such as projected Adjusted EBITDA and Net Debt. Adjusted EBITDA is defined as net income excluding interest, taxes, depreciation, amortization, and certain non-recurring items, while Net Debt is total debt minus cash and cash equivalents. The Company cannot reconcile these measures to their most comparable GAAP metrics - net income and total debt - without unreasonable effort, due to challenges in forecasting future interest, taxes, depreciation, and non-recurring items. These measures are provided for informational purposes only and should not be considered substitutes for financial measures prepared in accordance with GAAP. All forward-looking statements are based on estimates, forecasts, and assumptions that are inherently uncertain and subject to risks and factors that could cause actual results to differ materially. These include, but are not limited to: (1) risks related to the acquisition, including the inability to realize anticipated benefits, disruptions to operations, and costs associated with the transaction; (2) legal proceedings; (3) failure to meet Nasdaq listing standards; (4) competition and market conditions; (5) economic, geopolitical, and regulatory changes; (6) challenges in retaining clients, employees, and suppliers; and (7) other risks detailed in XBP Europe's filings with the SEC, including the "Risk Factors" section of its Annual Report on Form 10-K for 2025, filed on March 19, 2025, and the proxy statement for the 2025 annual meeting. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. XBP Global undertakes no obligation to update these statements, except as required by law. There is no assurance that XBP Global or its subsidiaries will achieve the results projected in these statements.
About XBP Global
XBP Global is a multinational technology and services company powering intelligent workflows for organizations worldwide. With a presence in 20 countries and approximately 11,000 professionals, XBP Global partners with over 2,500 clients, including many of the Fortune 100, to orchestrate mission-critical systems that enable hyper-automation.
Our proprietary platforms, agentic AI-driven automation, and deep domain expertise across industries and the public and private sectors enable our clients to entrust us with their most impactful digital transformations and workflows. By combining innovation with execution excellence, XBP Global helps businesses reimagine how they work, transact, and unlock value.
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