November 2, 2015
GLORY acquires New Zealand based Advanced Transaction Systems Ltd.
GLORY LTD. (GLORY) (Tokyo: 6457) has acquired Advanced Transaction Systems, (ATS), New Zealand's largest provider of cash handling solutions to both the retail and banking industries, through its overseas subsidiary, Glory Global Solutions (Australia) Pty. Ltd.
1. Purpose of the acquisition
GLORY's strategy to achieve its "2017 Medium-Term Management Plan" and "Long-Range Vision 2018" has seen the refocus of management resources to its international and overseas business. Based on this strategy, GLORY acquired Talaris Topco Limited (now known as Glory Global Solutions) in 2012, a U.K. based leader in the field of manufacturing, sales and service of currency handling solutions worldwide. The acquisition of ATS, a New Zealand based Sales and Service Company, is also in line with GLORY's strategy of expanding its overseas business through providing sales and maintenance services directly to customers. By combining ATS, which has an extensive customer base in the retail industry, with our existing New Zealand sales and service operations, predominantly focused on the banking industry, as well as working with the strong Glory Global Solutions business in Australia, the acquisition will allow us to support our customers on both sides of the Tasman even more strongly than before.
2. Outline of ATS
|1. Company Name||Advanced Transaction Systems Ltd.|
|2. Location||Building 5, Ground Floor, Central Park, 666 Great South Rd, Penrose, Auckland, New Zealand|
|3. Representative||Barry Dow, CEO|
|4. Business Lineup||Sales, maintenance and software development of cash handling equipment|
|5. Established||April 15, 1992|
About GLORY LTD.
GLORY LTD., headquartered in Himeji, Japan, is a pioneer in the development and manufacture of money handling machines and systems. GLORY provides a variety of products such as money handling machines, cash management systems, vending machines, automatic service equipment, and cash management solutions that are built on its leading-edge recognition/identification and mechatronics technology. Committed to meet society's wide-ranging needs, GLORY serves the financial, retail, vending machine, amusement and gaming industries in over 100 countries around the world. GLORY employs approximately 9,000 people worldwide. For more information about GLORY, please visit GLORY's group website at http://corporate.glory-global.com/.
- GLORY LTD.
- Public Relations Dept.
Information in this document is current on the date of the announcement and subject to change without prior notice.