MEBANE, North Carolina, June 14, 2016 /PRNewswire/ --
Purchase Unites Manufacturing And Production Operations in Italy
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.
(Logo: http://photos.prnewswire.com/prnh/20150219/731012 )
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
Since 1998, ARCA has been committed to helping people control and streamline cash operations in bank branches, retail stores and self-service kiosks. By focusing on technology and services, ARCA delivers thoughtful solutions to make transactions simpler, more efficient and more secure. Today, ARCA provides the largest selection of cash handling devices of any manufacturer in the world.
To learn more about ARCA's innovative culture and commitment to our customers, please visithttp://www.arca.com
