Bedford, UK – October 9, 2018 – TLM Group Technology Ltd (“TLM”), a technology developer and support specialist to global fuel and convenience retailers has announced today that MADIC Group (“MADIC”), a global provider of Forecourt Products and Services, will enter into an exclusive agreement that will see MADIC take a stake in TLM’s business. Lee Papper, TLM CEO will remain as the major shareholder and continue in his role.
The investment by MADIC reflects TLM’s continued strategy of building a specialist technology solutions business for fuel and convenience retail. The partnership will further TLM’s reach into international markets and will help capture new opportunities for evolution – TLM’s family of integrated Software-as-a-Service solutions covering POS, Back Office, Head Office and advanced AI driven pricing. Importantly, the investment will further accelerate the capability to deliver these solutions through the cloud.
Commenting on the deal, Lee Papper, TLM CEO said, “Today’s announcement marks an exciting partnership. We believe that combining TLM ’s world-class technology solutions, with MADIC ’s innovative portfolio of Payment solutions, Digital Signage and Services, brings together two visionaries in the fuel and convenience market to offer our customers incredible value and opportunities to grow their business.”
Fabrice Chapelain, MADIC CEO, added, “This international partnership promises customers exciting technology solutions capable of scaling globally. Together we can offer best-in-class software solutions for every financial and operational requirement fuel and convenience retailers face. We’re now uniquely placed to meet the demands of this fast moving and growing marketplace. Naturally, we are now excited to get started and combine our teams for the benefit of our customers.”
The transaction, which is at an advanced stage, is expected to close before the end of the year and is subject to customary closing conditions and precedents.
About TLM Technologies
TLM Technologies provides world-class technology and support to convenience and fuel retailers globally. Including POS, back office and head office solutions they develop unique technologies and integrate the systems necessary to run a smarter, more profitable retail business.
About MADIC Group
Founded in 1971, MADIC group is an innovative leading company in Energies & automobile environment, unattended payment, clients experience’s data and related services.
The group focuses its growth on a sustainable development strategy.