Aug 10, 2015 Newsdesk Industry Talk, Latest News  
JCM American Corp, also known as JCM Global, a supplier of cash transaction technologies for the gaming, banking and retail industries, on Friday announced that printer supplier Nanoptix Inc is buying back JCM’s 49 percent stake in Nanoptix.
Under the share purchase agreement, JCM’s common equity interest in Nanoptix will be acquired by a subsidiary of the latter company, JCM said in a press release. The value of the deal was not disclosed.
“We have enjoyed a mutually beneficial relationship with Nanoptix for several years. The selling of our shares in Nanoptix was an expected evolution in the planned history of our relationship, and we wish the company nothing but the best in their future endeavours,” Tom Nieman (pictured), JCM global vice president of sales and marketing, said in a statement.
Nanoptix designs and manufactures thermal printers for use at point of sale, and in the lottery, gaming, and kiosk markets. The company was founded in 1996 and is based in Dieppe, Canada.
JCM entered into a business relationship with Nanoptix in 2011, marketing and selling Nanoptix products under the JCM portfolio. The partnership helped Nanoptix gain traction in the gaming market, rapidly growing its market share. JCM had acquired 49 percent of the firm in 2012.
In September, JCM announced it had finalised the acquisition of FutureLogic Inc in a deal worth US$70.6 million, excluding advisory fees.
Mar 14, 2024
Feb 20, 2024
Apr 19, 2024
Apr 19, 2024
Apr 19, 2024
The deployment of a “smart table” product – combining the use of radio frequency identification (RFID) technology and cameras gathering data for analysis via artificial intelligence (AI) –...(Click here for more)
”Once Solaire North is fully ramped up, and both properties are generating a certain expectation that we have on cash flow… then we will probably launch the Paniman [casino] project”
Enrique Razon
Chairman and chief executive of Bloomberry Resorts