SCAN COIN acquires Sotremo
As part of its new strategy for growth, Swedish SCAN COIN (whose main shareholder is Segulah IV L.P., a Jersey based private equity fund) has acquired the Swiss company Sotremo.
“Sotremo is one of the leading suppliers of coin and note solutions for bank, retail and CIT in Switzerland and has been a vital part of SCAN COIN’s distribution network for many years. We are very happy to incorporate Sotremo into the SCAN COIN group”, says Mr Andreas Renulf, Group Managing Director of SCAN COIN. “This will further strengthen our position, giving us a better competitive edge. This in turn will naturally benefit our customers.”
In addition to a reinforced product range within note and coin handling, existing and future customers can also take advantage of partnering with a company that has a worldwide presence.
“Now we are part of a worldwide network of top class companies which is extremely valuable for exchanging experience and constantly improving our market approach and therefore client satisfaction”, says Mr. Colombo Fasano, Managing Director of Sotremo.
“We believe that we can create additional value for our customers and further strengthen our market position” Fasano continues.
Due to the past years strong growth, Sotremo recently moved to new premises in Châtel-St-Denis that are better adapted to current activities as well as future expansion plans. Sotremo’s management will keep a long term ownership interest and remain in their existing positions in the company.
For further information:
Colombo Fasano, Managing Director Sotremo
Phone: +41 21 905 36 95, E-mail: Colombo.fasano@sotremo.ch
Andreas Renulf, Group Managing Director SCAN COIN
Phone: +46 40 6000 633, E-mail: anre@scancoin.se
Marcus Planting-Bergloo, Investment Manager, Segulah Advisor AB
Phone: +46 8 402 87 13, E-mail: planting@segulah.se
