ARCA Acquires Mavimec S.R.L., Prosecure S.R.L. And Sumotec S.R.L.
Purchase Unites Manufacturing And Production Operations in Italy
MEBANE, NC (June 15, 2016) - ARCA, a leading provider of cash automation technology, announced today that it has entered into purchase agreements to acquire Mavimec S.r.l., Prosecure S.r.l.and Sumotec S.r.l. in Bollengo and Ivrea, Italy. The companies have been operating as third party resources supporting ARCA’s technology manufacturing facilities in Italy.
These acquisitions will improve productivity within the company by creating a singular, streamlined organization. ARCA will now have complete control from initial concept design through final product assembly.
“The Mavimec, Prosecure and Sumotec teams have long been part of the success of ARCA and the legacy CTS Group companies that we acquired in 2014.” said Mort O’Sullivan, ARCA’s Founder and CEO. “Bringing them into our family is a natural progression and will streamline operations and improve lead times—allowing us to better meet our customer's needs.”
ARCA’s solutions help people control and streamline cash operations in financial institutions, retail stores, and self-service kiosks around the world. Our overriding drive is to develop technology and services that make transactions simpler, more efficient, and more secure. Visit us at www.arca.com to see how we are reimagining everyday transactions—freeing people to focus on what matters most.