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.”
About ARCA
ARCA is a global leader in cash automation technologies with a reputation for delivering reliable products with the shortest lead times in the industry and a commitment to excellence in service and support for the life of our products. Financial institutions, retailers, and OEM self-service and kiosk manufacturers all over the world rely on ARCA products to streamline their cash operations and save them time and money while increasing the efficiency and security of cash. Visit arca.com for more information.
Media Contact
Bryan Dooley
ARCA
1400 Dogwood Way
Mebane, NC 27302
Tel. (919) 442-5200
b.dooley@arca.com