Coin Acceptors, Inc. Acquires Controlling Interest In InOne Technology

March 17, 2011
Coin Acceptors, Inc. Acquires Controlling Interest In InOne Technology

Coin Acceptors, Inc. (Coinco) has acquired a controlling interest in Baltimore, Md.-based InOne Technology.

InOne brings to Coinco a range of products including traditional DEX and audit capabilities, retrofit controllers, as well as credit card payment options and the best telemetry in the industry.

"Our mission has always been to be the leading global provider of payment solutions in Automated Point-Of-Sales Industries," said Parker Condie, Jr., Coinco president, in a prepared statement. "The acquisition of InOne is a natural fit which allows Coinco customers the unique opportunity to fulfill all of their coin, bill, credit card and telemetry requirements from a single company."

"We are excited to partner with Coinco and benefit from its more than 50 years of industry experience, strength and resources," said Gene Ostendorf, InOne CEO.

"Together, we intend to revolutionize the industry by developing straightforward solutions for all types of customers," says Parker Condie Jr.

Condie said the two companies will continue to operate as separate entities. He said Coinco sales and marketing staffs will sell some InOne products.

Founded in 1958, Coin Acceptors, Inc. is a privately owned company and a global leader in the design and manufacture of payment and controls systems. These products are used for automated transaction applications in the vending, amusement and specialty markets. InOne Technology is a leading technology innovator and DEX pioneer.