Cash handling equipment and software provider Talaris, which employs 1900 people, has been acquired by Glory Corporation for £650 million. Talaris was previously De La Rue Cash Systems, but was sold for £360m in 2008 to private equity group Carlyle Europe Partners. In less than 4 years their investment nearly doubled.

Since the departure from De La Rue, Talaris’ profits increased by over 40% as it expanded into new markets and diversified its customer base with customers in Brazil, the UK, US, Europe, South America and Africa. New owners Glory, traditionally an Asia-focused company with 70% of its revenue from Japan, will now have access to this wider range of geographical markets.