EVA member Azkoyen, machine and payment solutions manufacturer, has announced that it is acquiring the payments and telemetry provider Vendon.
Vendon, based in Riga and also an EVA Member for years, currently has over 45,000 connected machines in more than 82 countries. By integrating Vendon into the Azkoyen Group, the company believes it will boost both the means of payment division and the Coges and Cashlogy businesses by developing new integrated systems, physical means of payment and cloud intelligence. Azkoyen states that the new services will help its customers optimise their business by reducing maintenance visits and procedures thanks to online intervention and data analysis that allows them to study machine performance, monitor in real time, remotely control stock levels and use innovative contactless payment systems and mobile payment and improve the customer experience.
This acquisition is a further step in the growth strategy of the Azkoyen Group, which has already demonstrated a strong effort to develop and expand its payment methods, connectivity and IoT segments, the segments with the greatest growth and potential for the Group.
