Cennox announces the acquisition of StrongPoint’s Swedish based Cash Security business. The deal, which completed on 18th December 2020, enables Cennox to offer customers with a comprehensive cash protection solution unrivalled in the industry.
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The integration of the StrongPoint Cash Security business positions Cennox as the transformational lead in the Banking and Retail markets. Now capable of offering the widest scope of security products across the world, cements Cennox as the benchmark organization able to provide a fully integrated, end-to-end security solution alongside its existing suite of innovative security products.
Cennox is seen as the leading multi-vendor solutions business and trusted ‘go-to’ partner for many of the world’s leading financial and retail organizations looking to innovate their businesses.
“The diversity of our service offering gives Cennox the competitive edge when engaging with customers. We believe our acquisition of the StrongPoint Cash Security business will enable us to connect our customers to a level of service which isn’t available anywhere else”. Clive Nation, Group CEO, Cennox
StrongPoint have grown their presence across Europe and Russia and will continue to focus on the retail technology side of their business, giving Cennox the opportunity to integrate the Cash Security business into their portfolio. Having a national footprint in the USA, Cennox expects significant growth in this market, with further exciting plans to expand into the Middle East and Asia.
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