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Intellitix acquires controlling stake in LOC

LOC Pay Systems will continue to operate from its head office in the Netherlands

By Rhian Jones on 09 Jan 2017


Access control/ticketing specialist Intellitix has acquired a controlling stake in Netherlands-based LOC Pay Systems.

LOC supplied 200 festivals and venues across Europe in 2016 with its token-based payment system and will continue to operate from its head office in Lochem, Netherlands. The firm’s 13 full time employees will remain under the management of CEO Roland Wassink.

Intellitix provides technology-driven solutions for music festivals and live events, and aims to bring Cashless RFID to 500 events in 2017, including LOC clients. LOC, which until 2015 was a division of LOC 7000, is its first acquisition.

“The acquisition of LOC Pay Systems aligns with our core belief that clients’ confidence to use new technology is centred around trust and proven track records.”

Serge Grimaux, Intellitix CEO (pictured, left), said: “There is a great synergy between our companies in our approach to delivering the best possible, practicable Access Control and Payment Systems to events. The acquisition of LOC Pay Systems aligns with our core belief that clients’ confidence to use new technology is centred around trust and proven track records.

“There is a fantastic team at LOC Pay Systems with a strong reputation based on multiple successes for their clients across the years. They will introduce our RFID technologies to an event or venue when appropriate. Where it can bring benefits to a client we know LOC Pay Systems advice will pave the path for the use of our technologies.”

Intellitix leader Roland Wassink (pictured, right) added: “Bringing Intellitix and LOC Pay Systems together makes us very unique for our mutual clients. We enjoy very close understanding of our clients’ requirements and their events, so being able to offer them a range of payment options from tokens to cashless RFID technology will be a great advantage to them.

“We have been researching RFID technology for several years, so we are very excited about being able to offer Intellitix’s proven technology not only for cashless but also for brand amplification and access control.”

“We have been researching RFID technology for several years, so we are very excited about being able to offer Intellitix’s proven technology not only for cashless but also for brand amplification and access control, with our staff project managing the implementation opportunities into Europe and beyond. This merger is a memorable moment in the history of payment solutions in our market and globally.”

 


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