SUZOHAPP announced the acquisition of the primary product lines of Coinco, a global leader in the design and manufacturing of payment solutions. The acquisition significantly expands SUZOHAPP product portfolio and it brings a more complete, technology-driven solution to customers within the Vending industry. What is more, the deal also enhances commercial, engineering and operational capabilities of the brand.
SUZOHAPP has completed the acquisition of the primary currency and cashless product lines of Coinco, a world leader in the design and manufacturing of payment solutions for the Vending industry, based in St. Louis, Missouri.
Founded in 1958, Coinco led the way in product development, providing the market with a wide range of value-added payment solutions, including its well recognized 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 payment solutions brand has led to significant success in the U.S. 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.
Service in N. America of the entire Coinco product line will continue to be provided by the existing comapany’s service network, which will continue to be operated by Coin Acceptors Inc.
Drew Scielzo, SUZOHAPP CEO:
As part of the acquisition, SUZOHAPP has also hired key commercial, engineering and operational employees from Coinco in order to provide excellent support to all new and existing customers.
One of these key commercial employees is Ron Manne, SUZOHAPP’s new Vice President of Sales & Marketing for the Coinco brand. “We are excited to become part of the SUZOHAPP group and we look forward to contributing to the company’s future growth and continued success,” said Manne.