ARCA expands retail solutions portfolio with acquisition of TRAIDIS
MEBANE, NC (February 8, 2016)—ARCA, a leading provider of cash automation technology, announced today that it has acquired TRAIDIS, a privately held cash and coin processing system manufacturer. The transaction reflects ARCA’s focus on using technology to automate traditionally labor-intensive tasks surrounding cash handling and cash management.
TRAIDIS, headquartered in Rueil-Malmaison, France, just outside of Paris, has been manufacturing complete cash and coin processing systems since 1999. The company’s hardware and software solutions are used to automate and increase efficiencies in back office cash rooms for some of France’s largest retail businesses.
“The acquisition of TRAIDIS immediately helps ARCA create new market opportunities in France and also adds innovative cash and coin management solutions to our global product portfolio," said Mort O’Sullivan, ARCA’s Founder and CEO. “This is a strategic acquisition that will prove beneficial to all parties, strengthening ARCA’s offerings around the world.”
Benefits of the Transaction
Expands ARCA’s Portfolio of Cash and Coin Recycling Products.
TRAIDIS’s line of cash and coin recycling systems are a complement to ARCA’s current product portfolio. TRAIDIS’s multiple patents add to ARCA’s strong foundation and increase its ability to offer new products and solutions globally;
Strengthens ARCA’s Capabilities in the Retail Marketplace.
TRAIDIS brings additional expertise and talent to the ARCA team, along with established success in the retail sector in France. The company has a positive history of developing lasting relationships with some of France’s largest retailers;
Leverages ARCA’s Global Capacity and Extensive Portfolio of Products.
TRAIDIS will benefit from ARCA’s global resources, enabling it to accelerate growth within France. France is one of Europe's leaders in the adoption of automation technology, and TRAIDIS and ARCA will combine to offer the French market leading-edge solutions that reinvent everyday transactions.
“We are very pleased to be bringing the talent and experience of the TRAIDIS team into the ARCA family.” O’Sullivan said. “ARCA’s decision to acquire TRAIDIS was motivated by the great potential we see in the people and products that have brought TRAIDIS where it is today. I believe the entrepreneurial spirit at TRAIDIS is evident throughout the organization and will prove to be a common bond between us.”
ARCA’s solutions help people control and streamline cash operations in financial institutions, retail stores, and self-service kiosks around the world. We develop technology and services that make transactions simpler, more efficient and more secure. Visit arca.com for more information.
TRAIDIS is a French technology company specialized in cash processing systems and data services. With its Retail sector expertise and its capacity to develop state-of-the-art products and services, TRAIDIS is a proven leader in self-service cash management solutions.
Its products and solutions contribute to the security of cash and staff, the protection of data and guarantee the highest levels of cash cycle security and efficiency.