News in Brief

Sesami Acquires Self-Service Solutions Provider

Sesami Cash Management Technologies Corporation, a subsidiary of security services firm Gardaworld, has acquired the UK-based Consillion Group (previously known as Banking Automation), a provider of cash automation systems which also operates in Australia, New Zealand, and Singapore.

Sesami describes itself a global cash ecosystem integrator and fintech company and supplies the retail and financial sectors. It was formed in 2022 following the acquisition of US-based cash automation specialist Tidel and the cash management business of Swedish-based Gunnebo.

Further acquisitions that year included the teller cash recycler (TCR) manufacturer ARCA and the German cash optimisation software company planfocus.

According to the company, the acquisition of Consillion significantly enhances Sesami’s presence in the AsiaPacific region.

Honeywell to Spin out Authentication Business

Honeywell has announced a plan to spin off its Advanced Materials business into an independent, publicly traded company, targeted to be completed by the end of 2025 or early 2026, leaving it to focus on the so-called megatrends of automation, aviation, and energy transition.