Country Head Michael Bauer to drive growth in focusing on retail market
BASINGSTOKE, England/ VIENNA, Austria, 14 February 2020 – Glory Global Solutions (International) Ltd. announces the opening of a sales office for the Austrian market in Vienna, headed by Mag. Michael Bauer. In his function as Country Head, Bauer will represent the GLORY brand in the Austrian market and expand the presence of the expert for cash management solutions in retail. He has 14 years of experience in the retail market and was most recently responsible as managing director of an international beverage manufacturer, where he was instrumental in leading the internationalisation in 25 export markets. Glory Global Solutions Austria GmbH, based in Vienna, started operations on 10 January 2020.
"The presence in Austria with its own local subsidiary consistently follows GLORY's international growth strategy, which is accompanied by direct customer contacts for sales and maintenance services", says Vincent Nakache, President EMEA at Glory. "In Austria, we are encountering a retail market with positive development forecasts, which also shows cash-intensive use and thus a high demand for cash management solutions. Furthermore, we expect to be able to leverage a number of synergies within the EMEA region from our increased presence, which will benefit our existing and new customers in Austria."
Glory is a leading global provider of cash management solutions and a pioneer in the development of cash processing technology and related services. The cash expert is already strongly represented in German-speaking countries with branches in Germany and Switzerland. Thanks to expansion, (potential) customers in Austria can now be supported with the familiar service portfolio and service standards.
Cash continues to play a decisive and even dominant role as payment method in many countries. The DACH region (Germany, Austria, Switzerland) in particular cannot do without cash. In Austria, only around 20 percent of all transactions are settled cashless*. This results in enormous amounts of cash (approx. € 44 billion annually, projection */**), which has to be processed, stored and either deposited or reused in the retail sector. With its CASHINFINITYTM series for the retail front- and back office, GLORY provides the right solutions for efficiently managing, automating and securely processing the high volume of cash.
Cash automation reduces the cash handling burden on retailers, saving time and costs as well as increasing security for the business and its employees. In addition, GLORY solutions create the basis for new cash services at the POS like cashback at self-checkout or coin recycling in return for a voucher that contribute to an enhanced customer experience.
* Statista, infographic "Only cash is true", shares of means of payment in Austria
** KMU Forschung Austria, Economic development in the retail trade, 2017
About GLORY
As a global leader in cash technology solutions, we provide the financial, retail, cash center and gaming industries with confidence that their cash is protected and always working to help build a stronger business. Our cash automation technologies and process engineering services help businesses in more than 100 countries optimise the handling, movement and management of cash. While we span the globe, we personally engage with each customer to address their unique challenges and goals — enhancing staff efficiency, reducing operating costs and enabling a more rewarding customer experience.
Employing over 9,000 professionals worldwide with dedicated R&D and manufacturing facilities across the world, GLORY is built on a rich customer-focused, technology-driven heritage spanning over a hundred years.
For further information please visit https://www.glory-global.com
