UK-based G+D Currency Technology recently acquired the German firm Procoin GmbH, which provides counting, sorting and packing machines in the coins sector, plus banknote counters.
The purchase of Procoin, with its wide product range and strong European distribution network, will help G+D Currency Technology expand its coins segment offerings and strengthen its position as a global market leader for cash cycle automation. Procoin, headquartered in Frankfurt, was founded in 1998.
G+D Currency Technology Chief Executive Officer Wolfram Seidemann said, “The global volume of cash will grow steadily. For this reason, G+D Currency Technology’s acquisition of Procoin represents an investment in a market with an exciting future. We are bringing together Procoin’s technically advanced product range with G+D Currency Technology’s strong global presence. This enables us to offer outstanding support to our customers at every point in the cash cycle.”