MADIC group, an innovative French manufacturing company operating in energy and automotive, unattended payment, and associated services, is announcing it is acquiring TLM Technologies. With this announcement, MADIC group confirms its commitment to meet the market needs with a complete management and payment solution.
The acquisition will secure welcomed financial backing for TLM Technologies and the international reach of an established player; MADIC group was founded in 1971, with 1200 employees spread over 32 sites in Europe, Africa, US and Latin America. The deal will see existing US and UK-based operations continue while also presenting exciting opportunities to scale-out TLM’s evolution family of technology globally and tap into new trends hitting the convenience and fuel sector. TLM staff, including the senior management team, will remain in their current roles and will now be better supported with added financial and technological resources to drive the business forward and further benefit convenience and fuel retailers.
“We are pleased to have TLM company among our subsidiaries. TLM is a dynamic and innovative player in the retail and forecourt market in the UK. This new acquisition is part of the MADIC group’s development strategy on the international payment and customer track datalisation market, in order to meet the operational and financial needs of our customers, retailers, fuel operators and maintenance companies,” commented Fabrice Chapelain, MADIC group CEO.
Lee Papper, TLM CEO added, “I’m delighted with our agreement with MADIC group, securing TLM’s future and creating a fantastic platform for business growth. The acquisition will see TLM’s evolution product suite developed and deployed internationally with the backing of a world-renowned player in the fuel and convenience market. This deal preserves TLM’s existing operational set-up. It’s an exciting future that I now look forward to as a new member of MADIC group team.”
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