News

ARCA acquires Italian cash automation company

The combined company will provide banking and retail clients with customer-driven solutions based on the latest technology, ARCA says.

December 30, 2014

ARCA, a provider of cash automation and payment technologies, has acquired the CTS Group, an Italian provider of cash, check and card automation technologies.

According to a press release, the acquisition combines the engineering and R&D capabilities of CTS with ARCA's strong customer relationships. The combined company will provide banking and retail clients with customer-driven solutions based on the latest technology, the release said.

ARCA Founder and CEO Mort O'Sullivan said the acquisition not only expands the company's product portfolio, but also deepens its research and development capabilities and solidifies its supply chain.

"For the past 12 years we have worked hand-in-hand with CTS, bringing their transformative technology to our customers throughout North America," he said. "By joining forces, we will be able to respond faster to market changes while developing products and services to better meet the needs of our customers."

With the purchase, ARCA has acquired the CTS Group operations in the U.K., and the U.S., in addition to its headquarters in Ivrea, Italy. Companies in the CTS Group include CTS Electronics, CTS Cashpro, CTS Solutions, CTS Cashpro Ltd., CTS North America, and Finsolint. ARCA global headquarters will continue to be based in Mebane, North Carolina.