JCM Innovation Corp, a subsidiary of JCM American Corp, announced on Monday it has entered into an agreement to buy U.S.-based FutureLogic Inc from American Capital Ltd. The acquisition adds to JCM’s line of peripheral component products, including bill validators, printers and digital media. The terms of the deal were not disclosed.
JCM American designs and manufactures currency validating equipment and cash registers, also serving the gaming industry. FutureLogic provides printer solutions for a wide range of applications, including casino and gaming vouchers.
FutureLogic printers and couponing solutions “provide technology platforms for growth initiatives and recurring revenue,” JCM said in a statement. “The products will strengthen and diversify JCM’s peripheral portfolio to the marketplaces and industries it serves globally, such as banking, gaming, kiosk, retail and transportation,” it added.
In addition to the FutureLogic line of products, JCM will continue to market, sell, service and support the Nanoptix line of printers.
“We are fortunate to be in this position to capitalise on opportunities, such as the acquisition of FutureLogic. By maintaining our focus on ‘best-in-class’ components and continual dialog with our key customers, JCM will continue to deliver ‘value-added’ solutions that the marketplace desires,” JCM Global president Akiyoshi Isoi said in the statement.
FutureLogic chief marketing officer John Edmunds said: “We look forward to the next phase of development for FutureLogic as it brings innovative technology and world class customers to help fuel the growth of JCM. The combination of JCM and FutureLogic product portfolios will provide a compelling offering in a variety of markets.”
Mar 05, 2021City of Dreams Mediterranean (pictured), the flagship Cyprus casino resort project of Melco Resorts and Entertainment Ltd, is to open in “summer 2022”, the firm said in a Friday media release....
“Prolonged closure of operations could derail earnings recovery and weigh on NagaCorp’s credit quality"
Junling Tan, Yu Sheng Tay and Vikas Halan
Analysts at credit rating agency Moody’s Investors Service