Suzo Happ acquires Scan Coin
Scan Coin, headquartered in Malmö, Sweden, offers customers in the retail, bank, cash center and public transportation markets, full service solutions to optimize their cash handling through automated processing of coins and notes.
“The addition of SCAN COIN truly represents a transformative milestone for SuzoHapp, adding world leading cash processing technology, extensive engineering and software development, and a global distribution and service network covering more than 100 countries. This represents SuzoHapp’s fourth acquisition of cash handling technologies over the last 15 months, significantly strengthening SuzoHapp’s cash handling capabilities, technology and market position,” said James Brendel, SuzoHapp Chairman.
“SCAN COIN is excited about the opportunity to become part of SuzoHapp’s growing company,” added Andreas Renulf, SCAN COIN CEO. “Through our combined capabilities we will hasten product innovation bringing new features and solutions to customers at an accelerated rate.”
Financing for this acquisition was provided by Cerberus Business Finance and PNC Bank.
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