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M&A Deal Summary

Glory Acquires In-Tech

On July 13, 2016, Glory acquired information technology company In-Tech from INLINE Technologies Group

Acquisition Highlights
  • This is Glory’s 2nd transaction in the Information Technology sector.
  • This is Glory’s 1st transaction in Russia.

M&A Deal Summary
Date 2016-07-13
Target In-Tech
Sector Information Technology
Buyer(s) Glory
Sellers(s) INLINE Technologies Group
Deal Type Divestiture

Target

In-Tech

Russia
In-Tech LLC is a providerof cash management technologies to the Russian banking and retail sectors

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Buyer(S) 1

Buyer

Glory

Basingstoke, United Kingdom
Category Company
Sector Information Technology
DESCRIPTION

Glory is a provider of IT secure cash management solutions that provide the financial, retail, QSR, cash center, and gaming industries with confidence that their cash is protected and always working to help build a stronger business. Glory cash automation technologies and process engineering services help businesses in more than 100 countries optimize the handling, movement, and management of cash. Glory is based in Basingstoke, United Kingdom.

DEAL STATS #
Overall 5 of 8
Sector (Information Technology) 2 of 3
Type (Divestiture) 1 of 1
Country (Russia) 1 of 1
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-04 REV Ventures

Atlanta, Georgia, United States

REV Ventures LLC (dba Reevex) is a developer of software solutions that address consumers’ and business’s needs for secure physical transactions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 Grupo Sortek S.A. de C.V.

Mexico City, Mexico

Grupo Sortek S.A. de C.V. is a provider of cash sorting solutions. Sortek offers a wide range of automation machines for the entry, counting and safe deposit of cash. Grupo Sortek S.A. de C.V. was founded in 1997 and is based in Mexico City, Mexico.

Buy -

Seller(S) 1

SELLER

INLINE Technologies Group

Moscow, Russia
Category Company
Founded 2006
Sector Information Technology
DESCRIPTION

INLINE Technologies Group Ltd. is a diversified IT holding focused on providing information technology solutions and services to the banking sector, retail, industry and government agencies. ITG is headquartered in Moscow, Russian Federation. ITG is engaged in the following business segments: general IT system integration, telecommunication network integration and upgrade, IT consulting and ERP implementation, interactive TV solutions, datacenter services, acquiring solutions and banking card manufacturing.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (Russia) 1 of 1
Year (2016) 1 of 1
Mergr

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Company

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