SuzoHapp expands its Cash Handling Technology through the Acquisition of SCAN COIN, a Global Leader in Coin and Bank Note Processing Solutions
Press release
March 16, 2015
Mt. Prospect, Illinois – SuzoHapp announced today that it has completed the acquisition of SCAN COIN, a leading provider of advanced cash handling technologies, software and services. 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’s Intelligent Coin Processing (ICP) Products are the industry standard for cash centers with the highest throughput per shift in the industry. The company’s full line of Retail Cash Solutions (RCS) are fully automated with integrated software that provides till management and cash office processing, enabling retailers to achieve significant labor efficiencies and reduce shrinkage. This flexible and innovative solution portfolio has enabled SCAN COIN to achieve the European market leading position in retail back office.
“SCAN COIN is excited about the opportunity to become part of SuzoHapp’s growing company,” said 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, LLC and PNC Bank.
About SCAN COIN:
Founded in 1966, SCAN COIN is one of today’s leading suppliers of cash processing equipment, system solutions and services. Its worldwide customer base is served through a network of SCAN COIN companies and distribution partners covering more than 100 countries. SCAN COIN develops, manufactures and markets equipment and integrated solutions for handling bank notes and coins, and has become a world leader in the automated cash processing market. The company employs approximately 420 people in 14 countries globally.
About SuzoHapp:
SuzoHapp provides highly engineered component solutions for interactive self-service hardware to the global amusement, gaming, industrial, transportation and vending markets by serving both equipment operators and original equipment manufacturers. SuzoHapp’s solutions include control devices and systems, currency handling equipment, display solutions, environmental products, machine operation components and payment systems. With approximately 700 global employees in 13 countries serving more than 25,000 customers worldwide, SuzoHapp has manufacturing, engineering, distribution and service facilities in 13 countries globally. More information is available at www.suzohapp.com SuzoHapp is owned by affiliates of ACON Investments, L.L.C., a Washington, D.C.-based private equity investment firm that has managed over $3.5 billion of capital. For more information, visit www.aconinvestments.com.
Laura Melesio, Marketing Director
laura.melesio@suzohapp.com
847-593-6130 ext. 7163
The result of improved performance
- CDS 820i
SCAN COIN has unveiled the CDS 820i – an upgraded version of one of our most powerful Cash Deposit System. The latest version offers the customer stronger reliability and uptime, everything at a reduced price.
Proven best-in-class technology
The Cash Deposit System is SCAN COIN’s flagship, being the first solution of its kind on the market. Today it is spread worldwide and recognized for its high performance and accuracy. The proven best-in-class technology, based on over 25 years of experience, has been put into the CDS 820i. The latest solution is now ready to meet the future demands and the toughest requirements on the market.
Improved performance
The CDS 820i has even higher accuracy than ever before. This is why the “i” has been added to the name CDS 820, standing for ”Improved performance”. Examples of improvements are a new coin cleaner and a CAM, minimizing downtime and increasing the reliability and accuracy even more.
Reduced price
At the same time as the reliability and the capacity are highly improved, the price is reduced. SCAN COIN want to make the Cash Deposit System accessible for more people, enabling them to dramatically improve their cash management.
- Improved accuracy
- Stronger reliability
- More quiet
- Lower price
RCS 800, 3rd generation
-Greater quality and performance
The new upgraded Retail Cash Solution, RCS 800, makes an already strong cash solution even stronger with higher quality and accuracy than ever before. The RCS 800, 3rd generation, is built to meet the toughest requirements in back office cash handling on the market.
Cash management at its best
The improved performance with the latest techno-logy includes an improved coin handling solution which increases the sorting accuracy even more. The new coin cleaner and the latest hopper solution minimize downtime and increase the reliability of the RCS 800 even more. Furthermore, it is now easier to manually refill the coin hoppers. Not least the new RCS 800, 3rd generation, is easier to use. The latest resolver within Orchard/J is also designed for minimal downtime giving the user the ability to make immediate repairs. SCAN COIN also offer an education package for end-users (cashier, CIT and supervisor) helping the customer to get the most out of the new cash solution. The RCS 800, 3rd generation, is a strong partner in the complete combination of note and coin handling within back office.
- Improved accuracy
- Even more reliable
- Higher efficiencysolutions
"we wanted to improve the Retail Cash Solution even further to make it as easy to use as possible with maximum capacity and reliability"
Product management team, SCAN COIN
New 10 euro note as from 23 September 2014
A new 10 euro note will be introduced on the market on 23 September 2014.
The new note should be easier to recognise and more difficult to counterfeit.
ECB describes:
“In addition to the portrait of Europa in the hologram and the watermark, the notes include an emerald number, which changes colour from emerald green to deep blue when tilted. The €5 and €10 banknotes of the Europa series are more durable as they have a protective coating.”
Here you can download ECB’s guide of the new note:
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Updates for the new 10 euro note are now available
If you have a note machine from SCAN COIN, the machine must be updated in order to be able to handle the new note. In this way you will be able to count or sort the new 10 euro note and you will be sure to detect known counterfeits on the market.If you would like to update your machine, please contact your SCAN COIN partner: Contact
Detect the counterfeits
Although the new note is more resistant to counterfeits, it is most important to be prepared for any counterfeits that may occur on the market. Besides not having to handle notes manually, SCAN COIN’s currency counters and currency sorters will detect known counterfeits on the market. Read more about our solutions
here.
Vaultex chooses SCAN COIN Systems for online ordering and pre-registration
Vaultex has chosen SCAN COIN Systems’ Connect CASH web portal for cash ordering and pre-registration connected to their existing cash processing system, CCS.
Formed in 2007 as joint venture between Barclays Bank and HSBC, Vaultex is the UK’s leading cash processor. Vaultex makes sure that cash is widely available for use – and that people have confidence in cash as a payment method. Vaultex handles around £160 billion of bank notes and coins a year. This requires an efficient cash processing solution and SCAN COIN is happy that Vaultex has chosen to extend existing installations of CCS, Cash Center System, with SCAN COIN’s online WEB ordering solution. This installation of SCAN COIN Systems’ Connect CASH web portal is an additional step in order to further simplify and increase the control of cash operations at Vaultex.
Mark Trevor, Commercial Director, Vaultex UK Ltd, says: “We are delighted to build upon our existing relationship with SCAN COIN. Online ordering is a key development in our product offering and we are very confident that the SCAN COIN solution will deliver both in terms of its simplicity and use of technology.”
Magnus Williamson, director of SCAN COIN System, says “SCAN COIN has a strong commitment to make cash processing in our society more efficient and is very pleased that the partnership with Vaultex since 2007 now continues with an online WEB solution for the future.”
SCAN COIN CDS9, winner of the Red Dot Award
The SCAN COIN product CDS9 has been announced as the winner of the Red Dot Award 2014 for its high quality design. The CDS9 was awarded for its great quality and innovative strength by the international expert panel, in competition with more than 4,000 entries from 53 countries.
The CDS9 offers a complete cash handling solution for coin and note transactions. In a secure and rapid way the machine handles bulk coin deposits as well as bundle note deposits and withdrawals. The product enables an optimal cash automation solution for both bank, transport and retail companies.
The CDS9 is a premium product built around the state-of-the-art coin and note technology. The cash is stored with an optimal security in safes which are available both as front and rear access. The new design brings two 15’’ touch screens and the unique software enables the CDS9 to stay on-line to any existing network and to be monitored remotely. All in all, CDS9 offers a secure and reliable cash solution in a modern, award winning design.
Prof. Dr. Peter Zec, initiator and CEO of Red Dot, on the decision process in the Red Dot Award: “The 40 experts assessed the quality of the entries with the utmost care and attention. Due to their backgrounds, they also assessed the special cultural aspects of the designs from 53 countries. But only the best products receive an award from the jury...”
The Red Dot Design Award
With the Red Dot Design Award, the Design Zentrum Nordrhein Westfalen created an internationally renowned product competition. Its prize, the Red Dot, has established itself worldwide as one of the most sought-after quality marks for excellent design. The Design Zentrum Nordrhein Westfalen displays the award-winning products in the Red Dot Design Museum Essen for at least one year.
Further information about Red Dot Award at: www.red-dot.de/press
SCAN COIN acquires Sotremo
Press release
September 10th, 2011
As part of its new strategy for growth, Swedish SCAN COIN (whose main shareholder is Segulah IV L.P., a Jersey based private equity fund) has acquired the Swiss company Sotremo.
“Sotremo is one of the leading suppliers of coin and note solutions for bank, retail and CIT in Switzerland and has been a vital part of SCAN COIN’s distribution network for many years. We are very happy to incorporate Sotremo into the SCAN COIN group”, says Mr Andreas Renulf, Group Managing Director of SCAN COIN. “This will further strengthen our position, giving us a better competitive edge. This in turn will naturally benefit our customers.”
In addition to a reinforced product range within note and coin handling, existing and future customers can also take advantage of partnering with a company that has a worldwide presence.
“Now we are part of a worldwide network of top class companies which is extremely valuable for exchanging experience and constantly improving our market approach and therefore client satisfaction”, says Mr. Colombo Fasano, Managing Director of Sotremo. “We believe that we can create additional value for our customers and further strengthen our market position” Fasano continues.
Due to the past years strong growth, Sotremo recently moved to new premises in Châtel-St-Denis that are better adapted to current activities as well as future expansion plans. Sotremo’s management will keep a long term ownership interest and remain in their existing positions in the company.
About SCAN COIN:
SCAN COIN is one of the leading suppliers of coin and note handling solutions, with a presence in the market since 1966. The most important business segments are banks, retail, public transport and cash centres. The company was founded in Malmö, Sweden, and produces and sells cash handling solutions worldwide. (www.scancoin.com)
About Sotremo:
Sotremo is since 35 years a Swiss market leader for Cash Handling Solutions. Focused on sales, distribution and after sales service of stand-alone machines as well as complete integrated solutions in all business segments dealing with cash, with special focus on banks, retail, CIT, casinos and public transportation. Sotremo is exclusive representative of worldwide leading suppliers, incl. SCAN COIN, CIMA, G&D, Gunnebo Trier, Laurel, GeWeTe, CountR, Q-Ex, Tellermate and has an installed base of 15000 machines and solutions. (www.sotromo.ch)
About Segulah IV:
Segulah is a private equity company focused on buy-outs of medium sized companies in the Nordic countries. The business model is based on majority ownership and an active engagement by industrial advisors from the business. Segulah Advisor AB is the exclusive investment advisor of Segulah II (MSEK 850), Segulah III (MSEK 2.356) and Segulah IV (MSEK 5.200) UK Limited Partnerships. (www.segulah.com)
