Suzo-Happ, a supplier of a wide variety of components and services for the global amusement, gaming, industrial, transportation, retail and vending markets, has purchased Comesterogroup, a European market leader in payment technology and self-service hardware.
The acquisition of Comesterogroup allows Suzo-Happ to expand its presence in Italy, France and Spain while broadening its diversification with access to new end-markets through Comesterogroup’s carwash and laundromat automation components.
Comesterogroup’s RM5 coin validator, when combined with Suzo-Happ’s hoppers and other coin dispensing products, gives customers access to complete coin handling solutions that together represent an installed base of more than two million units. The Comesterogroup deal also adds more than 5,000 customers to Suzo-Happ’s growing customer portfolio and 150 employees.
New technology, including Europe’s leading closed-loop cashless system, will result in significant operational synergies with Suzo-Happ’s existing European business, products and overall manufacturing capacity.
“The transaction combines complementary strengths to create a unique company with unprecedented capabilities in coin handling and the next generation of payment processing,” said Harald Wagemaker, executive vice president of sales and marketing, Europe for Suzo-Happ in a prepared statement. “With this acquisition, Suzo-Happ further expands its manufacturing capacity to improve its offering of value added component integration and contract manufacturing services.”