EANS-News: Hoeft & Wessel takes over maintenance and distribution of Glory cash handling machines in the UK

Subsidiary Metric and Glory form strategic alliance

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Joint Ventures/Cooperation/Collaboration

Subtitle: Subsidiary Metric and Glory form strategic alliance

Swindon, UK / Hannover, Germany. 28 April 2011. (euro adhoc) - The
Hoeft & Wessel subsidiary Metric will take over all maintenance and
distribution activities for cash-handling machines in the United
Kingdom from the international well-known manufacturer Glory. Metric
Group Limited, Swindon/UK, and Glory Europe GmbH, Frankfurt/Germany,
have now signed the strategic alliance. Metric will distribute all
Glory and Reis products, which include banknote recyclers, counters
and sorters, coin recyclers, counters and sorters, and cash deposit
kiosks and money change machines. From the headquarters in Swindon
Metric, is the branch responsible for England, Wales, Scotland and
Northern Ireland. Currently over 700 Glory devices are installed in
different enterprises in the financial, retail and vending sectors.
To facilitate knowledge transfer, two Glory managers will switch over
to Metric to ensure a smooth transition of all business activities.

"With the strategic alliance with Glory, Metric expands its
maintenance activities for third party products and demonstrates its
high level of competence in the provision of services within the UK.
Moreover, Metric has the opportunity to boost turnover with the
distribution of Glory products", said Hansjoachim Oehmen, Metric´s
Managing Director and CEO of the Hoeft & Wessel Group.

"Metric is the ideal partner in order to maintain and expand Glory's
business in the cash handling solution market in the UK. Metric's
strenghts in solutions sales and service combined with Glory's
worldwide leadership in solutions for professional cash handlers will
ensure profitable growth in the coming years." said Toshiyuki
Konishi, President of Glory Europe GmbH.

Glory LTD., headquartered in Himeji, Japan, is a pioneer in the
development and manufacture of money-handling machines and systems.
Glory provides a variety of products built on its leading-edge
recognition/identification and mechatronics technology, such as
money-handling machines, cash-management systems, vending machines
and automatic service equipment. Committed to meet society´s wide-
ranging needs, Glory serves the financial, retail, vending machine,
amusement and gaming industries in over 80 countries around the
world.

The Hoeft & Wessel Group is the leading IT and engineering
technology Group for ticketing, parking and mobile solutions in
Germany and Great Britain. Established in 1978 by the two
entrepreneurs who gave the company its name and listed on the stock
market since 1998, the enterprise has developed into a group of
companies with sales revenues of nearly EUR 100 million and a
workforce of 500 employees. Its main locations are Hannover, Germany,
and Swindon, UK, to the west of London. The British subsidiary Metric
Parking is the leading Pay & Display parking machine manufacturer in
the UK and one of the largest global providers of car park ticket
vending machines, parking space management systems as well as
comprehensive services.

end of announcement euro adhoc
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ots Originaltext: Höft & Wessel AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: PR@hoeft-wessel.com

Branche: Technology
ISIN: DE0006011000
WKN: 601100
Index: TecDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade