Smart Technology for a connected world
Friday 1 April 2016
GRUPO AUTOMATED TRANSACTIONS ACQUIRES SHARES IN E2C
e2C announced today that Barcelona based Grupo Automated Transactions (GAT), has acquired a substantial minority shareholding in UK based ePoint Embedded Computing Ltd (e2c).
This strategic investment will allow e2c access to the Spanish & Global Latin American Gaming and vending markets through GAT’s customer base, enhanced with local product support/RMA operations. GAT will benefit from access to e2c’s innovative product range spanning these target markets, allowing them to provide an enhanced product offering and the opportunity to expand into new market verticals, such as kiosk and retail.
Genis Cata, owner/Director of Grupo Automated Transactions, will become the full-time Sales Director of e2c. Genis, who was formerly Head of the Spanish Division of Innovative Technology Ltd, brings with him expert knowledge of the Spanish ,
Dr Donny McDonald, CEO at e2c said “There are strong synergies between our companies. Combining e2c’s innovative product line – comprising hardware and software platforms targeted specifically at payment centric solutions – with GAT’s unique market knowledge, gained through many years as a leading payment peripheral supplier, will allow both companies to accelerate their growth.
Genis Cata said “This is a very exciting investment for GAT & in line with our strategic goals of maintaining steady growth in the payment systems industry, whilst seeking out new & innovative products around the world. Having worked with e2c over the last 12 months on market development, we believe e2c’s products are the best strategic fit for our markets and customers. Whilst GAT, through its Automated Gaming & Vending subsidiaries, has been very successful in product distribution, we are very excited now to directly contribute to e2c’s product strategy and shape new products and innovations for the rapidly growing unattended payment solutions markets worldwide.”
For further Information, contact:
Dr Donny McDonald, CEO
Tel: +44 (0) 131 564 0248
Cell: +44 (0) 7974 741632