SuzoHapp has completed the acquisition of the primary currency and cashless product lines of Coinco, a US-based manufacturer of payment solutions for the vending industry.
Founded in 1958, Coinco provided the market with a wide range of payment solutions, including coin changers, bill acceptors, card readers and cashless technology. Some important new offerings will be added to the SuzoHapp portfolio, such as the Vantage VR6 note recycler and the Iris line of cashless systems.
The strength of the Coinco brand has led to significant success in the US market. SuzoHapp hopes to recreate that success in the international markets by leveraging its significant resources and global footprint, especially in Europe, where SuzoHapp has a thriving vending business.
“This acquisition of the Coinco product lines is an important one for SuzoHapp, allowing us to provide our vending customers a more complete, technology-driven global product offering,” said Drew Scielzo, SuzoHapp CEO.
