Cash Security Leaders Join Forces

Following a Letter of Intent signed in July, Oberthur Cash Protection and Feerica have completed their strategic merger, forming Oberthur Feerica. This follows the acquisition of Feerica from its owner, the holding company Zelosodisseia, financial terms of the deal were not disclosed.

According to the two companies, the combination creates a global force in the fight against ATM physical attacks and cash-in-transit crime, and brings decades of innovation in IBNS (Intelligent Banknote Neutralisation Systems) together with advanced manufacturing capabilities.

Oberthur Cash Protection, based in Dijon, France started out in life in 1983 as Axytrans, part of the French tech firm Axytel. It developed one of the earliest IBNS systems to protect cash in transit by using indelible ink to mark banknotes if a theft attempt occurred. It was sold in 1993 to François-Charles Oberthur and, in 2007, acquired Fluiditi, a cash protection specialist previously part of NCR. That same year it changed its name to Oberthur Cash Protection.