Acrelec Group SAS announces £177m investment

Food & Drink | Funding | South East | Technology

Acrelec, a global customer experience technology firm for ‘quick service’ restaurants and retailers, has announced plans for a £177m investment by Glory Global Solutions (International) Ltd.

With 40,000 installations across more than 70 countries, Acrelec focuses on developing kiosks, drive-through and self-checkouts for many of the world’s best-known restaurants and retail brands including McDonald’s, Burger King, KFC, Walmart, Carrefour and Auchan. The company offers a complete ecosystem which provides customer journey personalisation, including the use of AI.

Acrelec now welcomes a partnership with Glory, a 100-year-old industrial leader in cash management as they share the same ambitious and long-term vision. Glory works in the financial, retail, cash center and gaming industries and provides Acrelec, as well as a wide range of other customers, with cash automation technologies and process engineering services that optimize the handling, movement and management of cash.

Jacques Mangeot, Co-CEO of Acrelec commented: “Today’s investment by Glory will power the next exciting step for our company and represents a great opportunity for our customers and our team. After many years of effort to answer in-store digital needs, we are ready to launch the next step in our innovative next generation ‘’smart-store’’ solutions. Our stylish, high-quality hardware will benefit from a complete suite of innovative AI software that increase revenues and leverage speed of service.”

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