A PYMNTS Company

Cash handling products merger between Glory and Talaris cleared

By  |  July 3, 2012

The European Commission has approved Glory’s proposed acquisition of Talaris Topco. Glory is a Japanese company that makes cash handling machines and vending machines. Talaris is a UK company that also makes cash management products; it is controlled by the Carlyle Group. The Commission did not find that the deal raises serious competition concerns, as strong competitors remain in the European market for cash handling products in the financial sector. Moreover, the financial institutions that comprise the customer base are sophisticated enough to select among the suppliers.

Full content: EC Press Release

 

Related content: Competition Policy and Merger Analysis in Deregulated and Newly Competitive Industries

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.