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Cennox Acquires Dutch Cash Automation Firms Lincsafe, Merlin, Cashtester and Secusystems.

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Vincent

MANews-(C)2009-2022

US-based service implementation specialist Cennox, a portfolio company of York Capital Management's private equity group, has acquired a group of Dutch-based companies including, Lincsafe, Merlin, Cashtester and Secusystem, the company said.

The transaction includes all staff and facilities, with Ron van Veenendaal, founder and Managing director of the companies, joining the Cennox Operating Board. Terms of the transaction were not disclosed.

Trading since 1996, the company group supplies, manufactures, and services a range of cash automation equipment across Europe and the UK.

Their ability to service various sectors including banking, retail, government, public transport, and petrol stations, is squarely aligned with the Cennox business model and supports the company's growth strategy.

Lincsafe and Merlin's excellent in-house software development, innovative R and D and modern manufacturing skills base, will contribute to the diverse foundation already well established at Cennox.

Cennox is a global service implementation specialist, delivering complex technology, security and facility change...

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