Turnover: > £10m
Location: UK / Europe
Our associate in Beijing has been retained by a substantial Chinese based company specializing in currency recognition and cash processing solutions, including: Self-service products, retail industry products, branch automation solutions, cash sorting automation, OEM process modules, and software solutions.
Established in 1999, the company is an ATM provider with over 16,400 employees and branches in nine countries worldwide and is ISO9001:2008, ISO 14001, QC080000, ISO27001 and OHSAS18001 accredited.
The ideal target acquisition will be a vending machine manufacturer based in the UK / Europe and the company would require a 100% acquisition or majority stock purchase. The main purpose of the transaction is for the company to develop new products and gain a base in Europe.
The annual turnover of target should be at least £10m.