G+D Currency Technology, Munich, and Transtrack International, Amsterdam, entered into a definitive agreement today, under which G+D Currency Technology will acquire all shares of Transtrack International.
Transtrack International is a market leader in the development of standard software solutions that address the control, efficiency and management of the end-to-end cash supply chain.
By acquiring Transtrack International, G+D Currency Technology is expanding its software and solutions offering and strengthening its position as a global partner for the digitalization of the cash cycle. Transtrack International’s business is complementary to G+D Currency Technology’s existing software and service portfolio.
In addition, G+D Currency Technology is benefiting from the product range offered by Transtrack International, such as its software solutions for ATM Management, Transport automation, Cash Center automation, Forecasting & Optimization, Long-Term Forecasting, Call Management and Retail Cash Management. Transtrack International was founded in 1990, and has its registered office in Amsterdam. Customers are central banks, commercial banks and cash-in-transit companies.
“Efficiency in the cash cycle is one of the main factors for keeping cash attractive, and digital solutions are a key driver for efficiency” stated Wolfram Seidemann, CEO of G+D Currency Technology. “We are a key player in the digitalization of the cash cycle. Our software solutions allow central and commercial banks to optimize and delegate tasks in the currency cycle while retaining full control. Transtrack International’s innovative and modular web-based cash management software solutions are a perfect match with our portfolio, strengthening our offering for CITs, service companies and commercial banks. Together, Transtrack and G+D Currency Technology will offer the most complete cash management software suite for both commercial customers and central banks.”
“We are delighted about the unique opportunity to contribute to G+D Currency Technology’s software and solutions portfolio,” commented Ronald van Vliet, CEO of Transtrack International. “Together we can serve our customers’ needs for digital end-to-end cash supply chain even better, by increasing efficiency, traceability, security and visibility in the cash cycle. Joining a family-owned company with a long-term vision is a great fit with our culture at Transtrack. G+D Currency Technology’s global presence will help us to grow faster; together we will be the go-to software company in cash management solutions.”