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

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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.

Further inquiry note:
Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: [email protected]
end of announcement euro adhoc
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company: Höft & Wessel AG
Rotenburger Str. 20
D-30659 Hannover
phone: +49-511-6102-0
FAX: +49-511-6102-411
mail: [email protected]
WWW: http://www.hoeft-wessel.com
sector: Technology
ISIN: DE0006011000
indexes: TecDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English

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