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Pyramid Computer GmbH acquires Media 5 Solutions Ltd.

May 8, 2017

Pyramid Computer GmbH has acquired Media 5 Solutions Ltd. to create a base in the UK, according to Essential Retail.

Pyramid already provides its Polytouch units to Marks & Spencer and Sofology, but it hopes the acquisition of a British company will give it a ready-made UK customer base.

The deal, completed in April, will help Pyramid develop its kiosk business for retail and hospitality in the UK and Ireland.

"We have considered starting up in the UK for some time, and the opportunity to work with Media 5 customers, and [it] seemed the perfect chance to put our plans into operation," said Frieder Hansen, co-founder and managing director of Pyramid Computer. “We believe there are great opportunities for our products in the UK, and despite Brexit, we are confident the UK will be a buoyant market for our products."

Media 5 Solutions Ltd. used to be the driving force behind the development of Retec Digital, which deployed kiosks into Tesco, Argos, Sainsbury's, Fujifilm and other UK retailers.

"I have felt for some time that Media 5 needed greater scale to fully develop in the UK marketplace," said Graeme Derby, Media 5 managing director.