MADIC group announces the acquisition of the British company TLM , developer of intelligent retail technologies for convenience and fuel.
France-based MADIC group extends its expertise in management systems and payments and takes a new step in its international deployment
In April 2019, the British company TLM, specialising in intelligent retail technologies for convenience and fuel, joined the French industrial group MADIC. With this acquisition, MADIC group confirms its commitment to meet the market needs with a complete management and payment solution.
“We are pleased to have TLM company among our subsidiaries. TLM is a dynamic and innovative player in the retail and forecourt market in the UK. This new acquisition is part of the MADIC group's development strategy on the international payment and customer track data market, in order to meet the operational and financial needs of our customers, retailers, fuel operators and maintenance companies.” commented Fabrice Chapelain, MADIC group CEO.
Lee Papper, TLM CEO added “We are delighted with our agreement with MADIC group, securing TLM’s future and creating a fantastic platform for business growth. The acquisition will see TLM’s evolution product suite developed and deployed internationally with the backing of a world-renowned player in the fuel and convenience market.”.
Isca Ventures acted as corporate finance advisers to the TLM shareholders on their sale to MADIC Group, with Clark Holt acting as legal advisers. Al Halcrow, Director of Isca Ventures commented ”We are delighted to have assisted the TLM team in arranging the transaction with MADIC to secure the future of the business through a successful sale of the shares of TLM to MADIC. TLM has an exciting future within the Madic group.
Lee Papper added: “Without the help Isca Ventures and Clark Holt we couldn’t have achieved this successful transaction. They provided invaluable commercial, financial and practical advice to deliver the deal and I would recommend them highly to anyone considering selling their business"
Lee Papper, CEO, TLM