Company News • 29.04.2011

Hoeft & Wessel takes over maintenance and distribution of Glory cash handling machines in the UK

Subsidiary Metric and Glory form strategic alliance

The Hoeft & Wessel subsidiary Metric will take over all maintenance and distribution activities for cash-handling machines in the United Kingdom from the international well-known manufacturer Glory. Metric Group Limited, Swindon/UK, and Glory Europe GmbH, Frankfurt/Germany, have now signed the strategic alliance. Metric will distribute all Glory and Reis products, which include banknote recyclers, counters and sorters, coin recyclers, counters and sorters, and cash deposit kiosks and money change machines.  From the headquarters in Swindon Metric, is the branch responsible for England, Wales, Scotland and Northern Ireland. Currently over 700 Glory devices are installed in different enterprises in the financial, retail and vending sectors. To facilitate knowledge transfer, two Glory managers will switch over to Metric to ensure a smooth transition of all business activities.

"With the strategic alliance with Glory, Metric expands its maintenance activities for third party products and demonstrates its high level of competence in the provision of services within the UK. Moreover, Metric has the opportunity to boost turnover with the distribution of Glory products", said Hansjoachim Oehmen, Metric´s Managing Director and CEO of the Hoeft & Wessel Group.

"Metric is the ideal partner in order to maintain and expand Glory's business in the cash handling solution market in the UK. Metric's strenghts in solutions sales and service combined with Glory's worldwide leadership in solutions for professional cash handlers will ensure profitable growth in the coming years."
said Toshiyuki Konishi, President of Glory Europe GmbH.
 

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