Glory Global Solutions has acquired the remaining shares of Acrelec Group, fully integrating the technology company known for reinventing customer experiences in the restaurant and retail sectors.

Target Company Overview

Glory Global Solutions (International) Ltd, a wholly owned subsidiary of GLORY Ltd., has completed its acquisition of the remaining equity shares in Acrelec Group SAS. Acrelec is a renowned global technology company that specializes in enhancing the customer experience for the restaurant and retail sectors. With a portfolio of over 120,000 installations spread across more than 70 countries, Acrelec serves a distinguished clientele that includes some of the world’s leading restaurant brands. The company’s core competencies lie in its ability to develop and integrate innovative platforms that boost customer engagement, streamline operational efficiency, and optimize the overall service experience.

The acquisition marks a significant milestone for Glory, signifying the full integration of Acrelec into its operational framework, thus elevating the company's strategic capabilities within the cash technology solution market. This transition follows a fruitful partnership that began with Glory's initial investment in Acrelec back in 2020, during which both entities collaborated closely to enhance their offerings in the food and beverage industry.

Industry Overview

The restaurant and retail sectors have witnessed a transformative evolution driven by technology advancements and changing consumer preferences. In the UK, as well as globally, there is an increasing demand for automated solution