Since 2001, Pitney Bowes has spent $1 billion on acquisitions. In 2001, Bell & Howell sold its international Mail and Messaging Technologies business to Pitney Bowes. Pitney Bowes also acquired Danka Services International (part of Danka Business Systems PLC) for $290 million in cash, and the French postage meter company Secap. In 2002, Pitney Bowes acquired the Omaha, Nebraska-based mail presorting company PSI Group for $130 million, followed by the Landover, Maryland-based DDD Company, which developed mail and messenger services, for $49.5 million in 2003.