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Pollard Banknote Announces the Acquisition of Fastrak Retail
Pollard Banknote Announces the Acquisition of Fastrak Retail Canada NewsWire WIN...
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[{"type":"text","content":"\n\n\n\nPollard Banknote Announces the Acquisition of Fastrak Retail\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nWINNIPEG, May 2, 2019\n\n\n\nWINNIPEG, May 2, 2019 /CNW/ - Pollard Banknote Limited (TSX: PBL) (\"Pollard Banknote\", \"Pollard\" or the \"Company\") announced today that it has signed a definitive agreement, and closed the transaction, to purchase (\"Acquisition\") 100% of the equity of Fastrak Retail (UK) Limited (\"Fastrak\"), a leading provider of lottery ticket dispensers, lottery play points and other retail merchandising products based in the United Kingdom.\n\n \n \n\n \nFastrak was founded in 2000 and has built its award-winning focus on the lottery market, producing innovative industry leading merchandising solutions. Fastrak provides its products and services to a number of major international lotteries including the UK National Lottery, the Irish Lottery and was recently awarded a major contract for the Illinois Lottery. Well known for its innovation, engineering design and research and development, Fastrak also provides retail point of sale display solutions for some key non-lottery organizations including global brands and some of the top consumer products in the United Kingdom. Based near Manchester, England, Fastrak employs approximately 20 full-time employees while leveraging long-term outsourcing relationships to scale up quickly for large contracts.\n\"We are thrilled with this acquisition of Fastrak and are confident it will deliver additional innovation and new international markets for our retail merchandising solutions\", said Doug Pollard, Co-Chief Executive Officer of Pollard. \"Fastrak, working alongside our existing operations of Schafer Systems, will provide a global approach to providing state-of-the-art retail and merchandising solutions to lotteries across the world. Leveraging the best ideas of both organizations will ensure the superior marketing concepts are delivered to each and every lottery organization. In addition, working together with Pollard's instant ticket resource...