French ‘quick service’ restaurant solutions company Acrelec has announced a planned $223m (£172m) investment from Glory Global Solutions.
Glory aids Acrelec with cash automation technology and process engineering services that optimise the handling, movement and management of cash.
Acrelec hopes this new investment will power the next stage of growth for the company, which already works with brands like McDonald’s, Burger King, KFC, Walmart and Carrefour.
This includes the developing of kiosks, drive-through and self-checkout technologies for the advancement of customer experience, and will increasingly make use of artificial intelligence.
Acrelec co-CEO Jacques Mangeot commented: “Today’s investment by Glory will power the next exciting step for our company and represents a great opportunity for our customers and our team.
“After many years of effort to answer in-store digital needs, we are ready to launch the next step in our innovative next generation ‘smart-store’ solutions.
“Our stylish, high-quality hardware will benefit from a complete suite of innovative AI software that increase revenues and leverage speed of service.”
Meanwhile his co-CEO, Jalel Souissi, added: “This investment is a strong endorsement of our business direction. We know that partnering with the highly respected Glory Group will be reassuring for our extraordinary, world-leading customers, who can be certain Acrelec will continue to serve them with passion, devotion, and continuous innovation.
“Glory’s approach to the investment is also a fantastic opportunity for our team members, who will be enriched by new experiences and projects while they continue to live the Acrelec values of agility, customer proximity and innovation that have made us successful.”