SMI provides consultancy services to Central Banks and other clients in the banknote and cash industry, and was acquired by G4S plc in 2009.
Today’s acquisition will allow SMI to operate again as a fully independent consultancy focusing on all issues relating to the design, production and technology of banknotes; as well as the management and distribution of cash throughout the cash cycle.
Commenting on the transaction, SMI’s Managing Director, Jonathan Ward, said
”SMI has enjoyed working within G4S, the world’s largest cash service provider, over the last 7 years to experience at first hand the many issues facing the cash industry on a daily basis. This has offered SMI a unique insight into this market which we feel is now better served by SMI as an independent consultancy. We would like to thank everyone within G4S for their support, and look forward to continuing to develop and expand the business to meet the needs of our clients around the world”.