ARCA Buys Traidis

ARCA Buys Traidis

17.03.2016

Traidis’ hardware and software solutions, including note cash and coin recycling systems, are used to automate and increase efficiencies in back office cash rooms for some of France's largest retail businesses, according to ARCA, and the acquisition not only expands its product portfolio, but also its patent holdings.

‘The acquisition of TRAIDIS immediately helps ARCA create new market opportunities in France and also adds innovative cash and coin management solutions to our global product portfolio,’ said Mort O’Sullivan, ARCA’s founder and CEO. ‘This is a strategic acquisition that will prove beneficial to all parties, strengthening ARCA’s offerings around the world.’

ARCA was founded in 1998 in the US to supply transaction automation solutions for the financial, retail and self-service industries. The purchase consolidates its footprint in Europe, following its acquisition last year of the CTS Group, a provider of cash, cheque and card automation technologies, with subsidiaries in Italy, the UK and US.

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