Höft & Wessel AG

EANS-News: Hoeft & Wessel takes over maintenance and distribution of Glory cash handling machines in the UK

Subsidiary Metric and Glory form strategic alliance

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Joint Ventures/Cooperation/Collaboration

Subtitle: Subsidiary Metric and Glory form strategic alliance

Swindon, UK / Hannover, Germany. 28 April 2011. (euro adhoc) - The Hoeft & Wessel subsidiary Metric will take over all maintenance and distribution activities for cash-handling machines in the United Kingdom from the international well-known manufacturer Glory. Metric Group Limited, Swindon/UK, and Glory Europe GmbH, Frankfurt/Germany, have now signed the strategic alliance. Metric will distribute all Glory and Reis products, which include banknote recyclers, counters and sorters, coin recyclers, counters and sorters, and cash deposit kiosks and money change machines. From the headquarters in Swindon Metric, is the branch responsible for England, Wales, Scotland and Northern Ireland. Currently over 700 Glory devices are installed in different enterprises in the financial, retail and vending sectors. To facilitate knowledge transfer, two Glory managers will switch over to Metric to ensure a smooth transition of all business activities.

"With the strategic alliance with Glory, Metric expands its maintenance activities for third party products and demonstrates its high level of competence in the provision of services within the UK. Moreover, Metric has the opportunity to boost turnover with the distribution of Glory products", said Hansjoachim Oehmen, Metric´s Managing Director and CEO of the Hoeft & Wessel Group.

"Metric is the ideal partner in order to maintain and expand Glory's business in the cash handling solution market in the UK. Metric's strenghts in solutions sales and service combined with Glory's worldwide leadership in solutions for professional cash handlers will ensure profitable growth in the coming years." said Toshiyuki Konishi, President of Glory Europe GmbH.

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 built on its leading-edge recognition/identification and mechatronics technology, such as money-handling machines, cash-management systems, vending machines and automatic service equipment. Committed to meet society´s wide- ranging needs, Glory serves the financial, retail, vending machine, amusement and gaming industries in over 80 countries around the world.

The Hoeft & Wessel Group is the leading IT and engineering  technology Group for ticketing, parking and mobile solutions in Germany and Great Britain. Established in 1978 by the two entrepreneurs who gave the company its name and listed on the stock market since 1998, the enterprise has developed into a group of companies with sales revenues of nearly EUR 100 million and a workforce of 500 employees. Its main locations are Hannover, Germany, and Swindon, UK, to the west of London. The British subsidiary Metric Parking is the leading Pay & Display parking machine manufacturer in the UK and one of the largest global providers of car park ticket vending machines, parking space management systems as well as comprehensive services.

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Contact:

Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: PR@hoeft-wessel.com

Branche: Technology
ISIN: DE0006011000
WKN: 601100
Index: TecDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade



Weitere Meldungen: Höft & Wessel AG

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