Two of the market leaders in kiosks and digital services have just announced a merger of their operations to create a new force in the European market, providing customers with an unrivalled product and service offer. Retec Digital PLC and NeoProducts (UK) Ltd will both benefit from increased scale and synergies, and consolidate their respective positions in the industry.
Two of the market leaders in kiosks and digital services have just announced a merger of their operations to create a new force in the European market, providing customers with an unrivalled product and service offer. Retec Digital PLC and NeoProducts (UK) Ltd will both benefit from increased scale and synergies, and consolidate their respective positions in the industry.
Retec Digital PLC
Retec Digital is engaged in the development and supply of multi-media marketing solutions. The Group primarily operates
in the UK, employs 45 people, and had revenues of £8.1 million in 2011.
Through its subsidiaries, it has been responsible for some of ihe largest digital self service and kiosk deployments in UK
NeoProducts (UK) Ltd
Australian-based NeoProducts are global leaders in the design and manufacture of interactive kiosks for self-service solutions. Since 1987 NeoProducts have supplied over 50,000 touch screen kiosks for a range of global clients in the government, commercial and retail markets.
The UK business was established in the mid-90s, and has won contracts for major clients including Jobcentres and Fuji Film.
Market leading digital capability
Graeme Derby, CEO of Retec Digital PLC stated:
"This is good news for customers of Retec and Neo as they will now be able to access the enhanced capability of the merged companies. Each business is complementary, with Retec Digital bringing kiosk software expertise and a UK wide field service network; while NeoProducts brings its internationally renowned expertise in kiosk design and manufacture.
We see this as an important step in the consolidation of the kiosk industry."
Philip Lelliot, CEO of NeoProducts commented:
"We are extremely excited by the combination of Retec and Neo which fills gaps in both portfolios and provides our customers with greater expertise, knowledge and understanding of their digital opportunities."
Both companies will seek to expand their product range and increase research and development expenditure through joint collaboration.
NeoProducts' Australian operations will continue with business as usual under its current ownership and management, but with the exciting development of representing Retec's specialist software applications in the Asia Pacific market.
For further information, please contact:
Retec Digital PLC: Graeme Derby - 01455 222260; [email protected]
NeoProducts: Philip Lelliott - 0121 486 4300; [email protected]
