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Issue Date: Vol. 51, No. 4, April 2011, Posted On: 3/22/2011


Coinco Acquires Controlling Interest In InOne Technology


Emily Jed
Emily@vendingtimes.net
Coinco, Coin Acceptors Inc., InOne Technology, Parker Condie Jr., Gene Ostendorf, vending technology, DEX, retrofit controllers, cashless vending and telemetry, payment systems, coin acceptor, bill acceptor, vending machine, vending machine business

ST LOUIS, MO -- Coin Acceptors Inc. (Coinco) said it has acquired a controlling interest in Baltimore-based InOne Technology.

InOne brings to Coinco a range of products for automated retailing, including traditional DEX and audit capabilities and retrofit controllers, along with credit card payment options and telemetry.

"Our mission has always been to be the leading global provider of payment solutions in automated point-of-sales industries," said Coinco president Parker Condie Jr. "The acquisition of InOne is a natural fit which allows Coinco customers the unique opportunity to fulfill all of their coin, bill, credit card and telemetry requirements from a single company."

"We are excited to partner with Coinco and benefit from its more than 50 years of industry experience, strength and resources," said InOne chief executive Gene Ostendorf.

"Together, we intend to revolutionize the industry by developing straightforward solutions for all types of customers," added Condie.

Coinco and InOne will operate as separate entities. Condie said Coinco sales personnel will sell some InOne products.

Founded in 1958, Coin Acceptors Inc. is a privately owned company and a global leader in the design and manufacture of payment and controls systems. These products are used for automated transaction applications in the vending, amusement and specialty markets. InOne Technology is a leading technology innovator and DEX pioneer.


Topic: Vending Features

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