RFID cashless payment and access control specialist Intellitix has acquired a controlling stake in Netherlands-based LOC Pay Systems.
LOC Pay Systems supplied 200 festivals and venues across Europe in 2016 with its token-based payment system and will continue to operate from its head office in Lochem, Netherlands, retaining its 13 full time employees under the management of CEO Roland Wassink. The acquisition of LOC Pay Systems marks the first time Intellitix has expanded by acquisition.
Intellitix is aiming to provide Cashless RFID at 500 events in 2017.
“There is a great synergy between our companies in our approach to delivering the best possible, practicable Access Control and Payment Systems to events," said Intellitix CEO Serge Grimaux (pictured). “The acquisition of LOC Pay Systems aligns with our core belief that clients’ confidence to use new technology is centred around trust and proven track records. There is a fantastic team at LOC Pay Systems with a strong reputation based on multiple successes for their clients across the years. They will introduce our RFID technologies to an event or venue when appropriate. Where it can bring benefits to a client we know LOC Pay Systems advice will pave the path for the use of our technologies.
Bringing the two companies together means that LOC Pay Systems clients will now have access to RFID Cashless technology, while Intellitix’s global network of events can draw on the expertise and experience within the Netherlands based team of events payment solutions professionals.
