GGRAsia – Suzo-Happ acquires Comesterogroup

Suzo-Happ acquires Comesterogroup

Sep 15, 2014 Newsdesk Industry Talk, Latest News

U.S.-gaming and amusement supplier Suzo-Happ Group announced last week the acquisition of Comesterogroup Srl, a European provider of electronic payment systems and self-service equipment to several industries – including gaming.

Comesterogroup is based in Gessate, Italy, just outside Milan. Founded in the 1970s, the company’s product range includes coin and banknote validators, cashless payments systems, coin and banknote change machines, car wash start systems, “cash points” and coin and banknote counters.

The acquisition “significantly expands Suzo-Happ’s presence in key European markets”, including Italy, France and Spain, the firm said in a press release. The statement did not say what consideration was involved for Suzo-Happ to acquire Comesterogroup.

Suzo-Happ supplies services and components, consumables and hardware products to the gaming and amusement industries, among other sectors. The product lines offered by the company include currency handling equipment, display technology, control devices and machine operation components.

Suzo-Happ last year acquired Australia’s Transcity Group Pty Ltd. The Transcity unit, also with facilities in Macau, Philippines and Cambodia, specialises in servicing and supporting technology used in the gaming industry. Its offer includes repair services, and sales and supply of gaming devices and spare parts.

Suzo-Happ is owned by Acon Investments LLC, a Washington DC-based private equity investment firm with reportedly more than US$4 billion of capital under management.

In July, SHIFT Interactive, a division of Suzo-Happ, announced that it had signed a multi-year agreement for the supply of SHIFT’s new InteractivePro Table to casino operator MGM Resorts International.