Cashmaster completes Change of Ownership
As part of their retirement planning, Neil and Maureen Hunter have recently sold their shareholding in Cashmaster International Ltd to a management buy-in group. The transaction also includes the purchase of the Cashmaster USA business which provides maintenance, support and repairs services to American based customers.
Gordon McKie, who becomes the new Chief Executive for the business, said
"Our group is delighted to be the new owners of Cashmaster International. We recognize and pay tribute to the effort and commitment given by Neil and Maureen Hunter over the last 20 years in building Cashmaster into a leading player within its industry.
Looking forward, our vision is to transform Cashmaster into a world class design and technology led company which is headquartered in Scotland. It is our intention to invest in Cashmaster in order to drive new product development, both for existing and emerging markets. To that end, we are looking forward to working closely with existing and new customers’’.
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