Company News • 04.09.2015
APG Cash Drawer merges with Cash Bases
Creating a world-class cash drawer technology company
This union creates a leading cash management solution company, differentiated by its ability to deliver innovative technologies with an expanding customer base.
“We share a common heritage; we both have over thirty years of cash drawer experience and have deep seeded roots in our respective territories,” stated Mark J. Olson, President of APG Cash Drawer. “This merger strategically positions us to serve our customers on a global scale and allows us to continue to execute on our long term vision of being the recognized leader in the cash drawer marketplace. The technologies of the two companies are very complimentary and bring an even greater choice to customers on a worldwide basis. This merger brings Cash Bases’ highly innovative SMARTtill cash management technology to the North American marketplace, and expands the APG mass customization capabilities in the European marketplace. We aim to expand our global operating performance, supply chain, and technology capabilities by offering the most innovative cash management solutions for retail, grocery, hospitality, and convenience store industries.”
The combined company’s corporate headquarters remains at the current APG location in Minneapolis, and Mr. Olson continues to serve as President and CEO at the corporate level, overseeing all of the company operations.
Source: APG Cash Drawer, LLC