XBP Global Holdings, Inc. (NASDAQ: XBP) announced a multi‑year engagement with Region Uppsala, the regional public authority responsible for healthcare, transportation, culture and regional development in Sweden. The partnership will deploy XBP’s proprietary Plexus workflow platform and advanced XDS technology to manage critical healthcare and administrative records, aiming to improve accuracy, security and operational consistency for the region’s public services.
The deal expands XBP’s footprint in the Nordic market and reinforces its strategy to deliver citizen‑facing digital transformation solutions across Europe’s public sector. By integrating its cloud‑based XBP Platform, the company will help Region Uppsala streamline processes and meet stringent regulatory requirements, positioning XBP as a trusted partner for large‑scale public‑sector automation.
XBP’s acquisition of Exela Technologies BPA, LLC was finalized on July 29, 2025, after which the company rebranded as XBP Global Holdings, Inc. The combined entity now projects an annual revenue target of more than $900 million, a figure that underscores the strategic importance of the Region Uppsala contract as a significant revenue opportunity.
Management highlighted the deal’s strategic value. CEO Andrej Jonovic said, “Following the transformative business combination with Exela BPA, we are thrilled to advance XBP Global to the next level. Our expanded scale and AI‑enabled workflow automation solutions position us to win new public‑sector contracts like Region Uppsala.” President Vitalie Robu added, “This engagement reflects the trust public institutions place in XBP to enhance service reliability and elevate operational standards.”
The announcement was met with a 2.3% increase in XBP’s share price on the day of the announcement, reflecting investor confidence in the company’s growing public‑sector presence. The deal also aligns with XBP’s broader growth plan, which includes expanding its AI‑driven hyperautomation capabilities and strengthening its global footprint.
Financially, XBP reported pro‑forma revenue of $220.4 million for Q3 2025, a decline of 18.1% year‑over‑year, but the company’s pro‑forma gross margin improved to 21.9%, up 190 basis points, and adjusted EBITDA rose to $24.7 million, a 7.4% increase. These margin gains offset the revenue decline and contributed to a positive market reaction following the earnings release on November 14, 2025.
The Region Uppsala engagement is a key milestone in XBP’s strategy to capture new public‑sector business, but the company’s overall financial health remains challenged by declining top‑line growth and negative net and operating margins. Nonetheless, the new contract signals a potential revenue boost and strengthens XBP’s position in a high‑growth market segment.
Overall, the announcement underscores XBP’s continued focus on expanding its public‑sector footprint, leveraging its AI‑enabled automation platform, and capitalizing on the growth potential of the Nordic region.
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