G&D Currency Technology acquires cash management software developer Transtrack

G&D Currency Technology has agreed to acquire Transtrack International, a developer of standard software solutions for the control and management of the end-to-end cash supply chain.  

According to a press release, the business of Amsterdam-based Transtrack complements the existing software and service portfolio of Munich-based G&D Currency Technology. Transtrack customers include central banks, commercial banks and cash-in-transit companies.

G&D Currency Technology said it will benefit from the product range offered by Transtrack, which includes software solutions for ATM management, transport automation, cash center automation, forecasting and optimization, long-term forecasting, call management and retail cash management. 

"Transtrack International's innovative and modular web-based cash management software solutions are a perfect match with our portfolio, strengthening our offering for CITs, service companies and commercial banks," Wolfram Seidemann, CEO of G&D Currency Technology, said in the release. "Together, Transtrack and G&D Currency Technology will offer the most complete cash management software suite for both commercial customers and central banks."

Transtrack CEO Ronald van Vliet said that G&D Currency Technology and its long-term vision are an ideal fit with Transtrack culture. "Together we can serve our customers' needs for digital end-to-end cash supply chain even better, by increasing efficiency, traceability, security and visibility in the cash cycle," he said. "G&D Currency Technology's global presence will help us to grow faster; together we will be the go-to software company in cash management solutions."