Glory completed the acquisition of a 53% stake in Cash Payment Solutions.

Glory, which is involved in the development and manufacturing of cash handling machines and systems, completed the acquisition of a 53% stake in Cash Payment Solutions, a bank-independent cash settlement platform. Financial terms were not disclosed. “The completion of the financing round with Glory and Grenke strengthens our position both financially and strategically. Glory’s years of experience as a global cash management leader, position us ideally for further European expansion and will accelerate our growth even further,” Sebastian Seifert, Cash Payment Solutions Co-Founder.