News

Coinstar gains foothold in France by acquiring Eurocycleur

December 7, 2018

Coinstar LLC has acquired Eurocycleur, a self-service coin counting vendor with 625 kiosks in major retailers across France. Eurocycleur will continue to operate as a stand-alone business under Coinstar International and will retain the Eurocycleur brand name.  

"We're excited about this acquisition on multiple levels," Coinstar CEO Jim Gaherity said in the press release. "First, Eurocycleur is a successful business operating with well-known and respected French retailers. Additionally, with the acquisition of Eurocycleur, Coinstar now has multiple coin counting solutions for retailers and consumers in France."   

The Eurocycleur coin-counting kiosks can be found in retailers including Carrefour, E.Leclerc, Auchan, Cora, Système U and Intermarché.

The transaction, which closed in November, includes the acquisition of all assets including equipment, technology, branding and personnel.

Eurocycleur was founded in 2005 by Laurent Salet, who will continue to run the business as head of business development in France.