Wincor Nixdorf has established a joint venture with Nokas, the leading Scandinavian provider of cash-handling services, in June 2015. The new company, named CROWN (Cash Retail Optimization Wincor Nixdorf Nokas), has its headquarters in Delft, Netherlands, and is owned equally by Wincor Nixdorf and Nokas.

CROWN offers a range of retail cash management services, recycling and deposit solutions, in the Benelux that optimize the retailer’s cash-handling process in terms of cost, safety and fraud. CROWN’s portfolio is not limited to front office – or back office activities, as their shareholder’s expertise also lies in combined ATM offerings in a retail environment. With immediate effect, CROWN will provide end-to-end cash-handling services for retail companies, by taking over and managing all their cash logistics with a significantly lower TCO.

“Our objective is to become a trusted managed services partner in the retail segment with a significant market share in the Benelux countries within the next three to five years,” says Pieter van den Burg, Executive Director of CROWN.

The advantage of the strategic partnership: Wincor Nixdorf delivers IT solutions and services for the retail industry, while Nokas supplies cash- management solutions, including early credit facilities. Thereby CROWN wants to help retail customers to cope with the uncertainty of the development of cash within their total payment structures.

“Our goal with the new company, which unites the experience of Wincor Nixdorf and Nokas, is to leverage synergy effects, boost our competitiveness and deliver services in order to cut the costs of the cash process for our customers,” adds van den Burg.

“Wincor Nixdorf is the ideal partner for us, since it has substantial knowledge about the cash processes at retailers and added experience from outsourcing projects in combination with its own CIT company in the Netherlands,” comments Arne Christian Gnutzmann, Director of Business Development at Nokas and Executive Director of CROWN.