What Sitrade Italia does

Sitrade Italia S.p.A. is an Italian cash-handling equipment distributor and service provider founded in 1980 and headquartered in Segrate (Milano). Since 2010 it has operated as part of Glory LTD, a Japanese multinational and global leader in money processing systems, and in May 2019 it completed the merger of CTS Solutions (now ARCA Technologies) into the Italian operating entity. The combined company employs 240+ staff, including 160+ field engineers, and is reported to generate approximately €90 million in revenue (post-merger 2019 figure).

Sitrade's product portfolio spans banknote processing (counters, sorters, value sorters, counterfeit detectors, verifiers), coin processing (counters, vault and tabletop sorters, wrappers, self-service deposit systems, coin roll dispensers, packaging systems), teller and self-service recyclers (RZ-200, S-200), the Cash Infinity closed-loop retail cash management platform (CI-10 front office, CI-100/CI-200 back office, DE-100 deposit, PWC-10), Spinnaker iBox security transport cases with ink-staining anti-theft, and Nemo-q/Mini-q queue management systems. The portfolio is distributed across seven Italian branches (Milano, Verona, Bologna, Firenze, Roma, Bari, Palermo) with a national field engineering service network, supporting an installed base of 100,000+ operating machines.

Revenue is generated through three streams: hardware sales of cash processing equipment, technical service and maintenance contracts delivered via the field engineer network, and consumables supply. Sitrade sells exclusively to enterprise and government customers — banking and financial institutions, retail and GDO (large organized retail distribution), cash-in-transit and value transport operators, vending and gaming operators, and public administration — using a direct sales motion through the branch network with no publicly disclosed pricing.

Name

Sitrade Italia

Legal name

Sitrade Italia S.p.A.

Website

https://sitradeitalia.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Short description

Sitrade Italia S.p.A. is an Italian subsidiary of Japan's Glory LTD that distributes and services cash handling and money processing equipment — including banknote and coin sorters, recyclers, closed-loop cash management systems, and security transport cases — to Italian banking, retail, CIT, and public sector customers through seven direct branches and a 160+ engineer field service network.

Ownership category

akta.pro rank

Product category

Cash Handling Equipment

akta.pro primary industry

Banknote & Cash-in-Transit (CIT) Services (BPAKAIAA)

akta.pro secondary industry

Technology, Software & IT Services (FSABACAJ)

Keywords

• Cash handling equipment
• Banknote processing systems
• Coin sorting machines
• Cash recycling solutions
• Money counting equipment

Headquarters

HQ city

Segrate

HQ country

Italy

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Hardware Sales: Sale of money processing machines and equipment including note counters, coin sorters, validators, recyclers, self-service systems, and security transport solutions
2. Technical Service and Maintenance: Post-sale technical support, installation, and maintenance services through nationwide network of field engineers
3. Consumables: Supply of consumable materials supporting all products offered, including security transport products

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Sitrade Italia S.p.A. is an Italian subsidiary of Japanese multinational Glory LTD that distributes, installs, and services cash handling and money processing equipment — including banknote sorters/counters, cash recyclers, coin sorters, self-service deposit systems, queue management systems, and secure cash transport solutions — for banks, retail chains, cash-in-transit operators, gaming/vending firms, and public administrations across Italy. Founded in 1980 and merged with CTS Solutions in 2019 to form ARCA Technologies, the company operates seven Italian branches supported by 160+ field engineers and a 240-person headcount.

Product overview

Sitrade Italia offers a comprehensive portfolio of cash processing and management solutions through its Glory partnership and acquired ARCA Technologies. The product lineup includes: (1) Banknote processing equipment - counters (STD5000, STD7100E), sorters (NEWTON F, USF and UW series), value sorters (GFS-100/120), verifiers (GND-700/GNH-700), counterfeit detectors (STD2258/2268), and recyclers (RZ-200, S-200, CI-10, CI-100, CI-200); (2) Coin processing systems - counters (STD10, SYD100), table/vault sorters (MACH, PERCONTA, Zebra, Pelican series), wrapping machines (WS-30, WR-90/500), self-service deposit systems (PANDA, CDS series), coin roll dispensers (HESS series), and packaging systems (PEGASO 10); (3) Retail cash management platform - Cash Infinity closed-loop system with front-office (CI-10) and back-office (CI-100, CI-200, DE-100) components; (4) Security solutions - Spinnaker iBox transport cases; (5) Queue management - Nemo-q and Mini-q systems. The company operates as a single unified product platform serving banking, retail, CIT (cash-in-transit), and vending/gaming sectors, with products distributed across 7 direct branches and 130+ technicians throughout Italy.

Differentiator

Problem solved

Functional benefit

Products and services

• Cash Infinity Closed-loop cash management platform that integrates back-office recyclers, front-office recyclers, and self-service deposit systems for end-to-end cash circulation in branches and retail environments. Targeted at banks and large retailers seeking to optimize cash handling workflows.
• Banknote Sorters (NEWTON F, USF Series, UW Series, GFS-100/120) Professional banknote sorting and value-counting machines designed for teller and back-office use; detect counterfeits, sort by denomination/orientation/condition. Deployed in banks, CIT vaults, and retail cash rooms.
• Banknote Counters (STD5000, STD7100E) High-volume banknote counting machines with counterfeit detection for teller and back-office environments. Used by banks, retailers, and CIT operators for daily cash processing.
• Counterfeit Detectors (STD2258, STD2268) Compact desktop counterfeit detection devices that verify the authenticity of banknotes using multiple sensing technologies. Targeted at teller counters and retail point-of-sale use.
• Banknote Verifiers (GND-700, GNH-700) Advanced banknote authentication and fitness verification devices that distinguish genuine from counterfeit notes and grade note condition. Used by central banks and CIT operators.
• Teller Cash Recycler (RZ-200) Compact cash recycler for teller workstations that automates cash deposit, withdrawal, and denomination storage. Deployed at bank branch counters to accelerate teller transactions.
• Front-Office Cash Recycler (CI-10) Front-office recycling system that stores, dispenses, and accepts banknotes at the teller line, reducing manual cash handling and balancing effort. Aimed at retail bank branches.
• Back-Office Cash Recyclers (CI-100, CI-200, PWC-10) High-volume back-office recycling systems for centralized cash processing in bank branches and cash centers; the CI-200 handles higher throughput, while the PWC-10 serves as a Cash Infinity back-office component.
• Self-Service Cash Systems (S-200, DE-100, CI-5) Automated self-service deposit and recycling terminals for bank lobbies and retail back-office areas, enabling customers and staff to deposit cash without teller intervention.
• Coin Sorters (MACH3, MACH6, MACH9, PERCONTA, Zebra, Pelican) Table-top and vault-grade coin sorting and counting machines ranging from compact countertop units to high-throughput industrial vault processors. Deployed by banks, CIT operators, and retail cash rooms.
• Coin Counters (STD10, SYD100) Coin counting machines for point-of-sale and back-office environments that tally loose coins by denomination quickly and accurately.
• Coin Wrapping Machines (WS-30, WR-90, WR-500) Automated coin wrapping and roll-packaging machines producing pre-formed coin rolls for redistribution; used by banks, CITs, and central cash facilities.
• Self-Service Coin Deposit (PANDA, CDS) Self-service coin deposit kiosks that accept mixed coins from consumers and credit the value to a card, voucher, or account. Used by banks, retailers, and public venues.
• HESS Coin Roll Dispensers Automated dispensers that deliver pre-packaged coin rolls to retail and bank customers without teller assistance.
• PEGASO 10 Coin Packaging Industrial coin packaging machine that prepares coins in sealed packages for secure storage and transportation.
• Banknote Bundle Wrapper (COMJDT240) Automatic banknote bundling and wrapping machine for central cash vaults producing standardized 100- or 1,000-note bundles.
• Strapping Machines (SM, MOSCA) Industrial strapping equipment for sealing cash bundles and parcels during vault processing and transportation.
• Spinnaker iBox Security Transport Secure cash-in-transit container solution providing tamper-evident sealed transport between bank branches, cash centers, and CIT depots.
• Queue Management Systems (Nemo-q, Mini-q) Customer queue management and ticketing systems that organize waiting customers at bank branches and public offices, integrating with branch teller workflows.
• ARCA Technologies CM 18 Cash management terminal from ARCA Technologies (the entity formed via the 2019 merger with CTS Solutions) for retail point-of-sale and branch environments.
• My Teller Software Teller workstation software that integrates with Glory cash recyclers and sorters to support teller transactions, reconciliation, and reporting.

Quantifiable outcome

• 100,000+ machines installed and operating in Italy

Named customers5 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• CTS Solutions (now ARCA Technologies)flagshipStrategic or Co-development Partner · 2 May 2019CTS Solutions was merged into Sitrade Italia S.p.A. in May 2019. The merger combined two companies into one operating entity for automation of money management processes. CTS brought products including Cash In-out CM 18 and My Teller self-service cash machines, expanding Sitrade's portfolio.
• Glory Global Solutions / Glory LTD.coreTechnology or Integration · 1 January 2010Sitrade Italia became part of Glory LTD. group in 2010. Glory is a Japanese multinational and world leader in money processing systems. The partnership provides direct access to Glory's advanced automation technologies for cash management, enabling Sitrade to offer innovative Cash Management solutions in Italy.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• De La Rue: De La Rue is a UK-based currency and authentication specialist that supplies banknote sorting, processing, and counterfeit detection equipment. Directly comparable to Sitrade in the cash processing equipment space, serving central banks, commercial banks, and CIT operators with overlapping solutions.
• Tellermate: Tellermate is a UK-based cash management solutions provider offering cash counting, reconciliation, and analytics software/hardware for retail. Directly comparable to Sitrade in serving retail cash management needs with point-of-sale back office solutions, with geographic complementarity in similar European markets.
• Crane Payment Innovations: Crane Payment Innovations (formerly Crane Currency) provides cash handling, payment, and currency management solutions including banknote validators and recyclers. Directly comparable to Sitrade in serving banking, retail, and gaming/vending customers with banknote processing equipment.
• Innovative Technology: Innovative Technology is a UK-based provider of banknote validators, recyclers, and cashless payment solutions. Directly comparable to Sitrade in providing cash handling validation and recycling technology for retail, banking, and amusement/vending verticals with overlapping product categories.
• Magner (Suzhou Magner Electronics): Magner is a Chinese manufacturer of currency counting, sorting, and coin processing equipment sold globally. Comparable to Sitrade as a banknote/coin processing equipment vendor with overlapping product categories (counters, sorters, counterfeit detectors), though operating from a low-cost manufacturing base.
• Giesecke+Devrient: Giesecke+Devrient is a German provider of banknote processing, currency technology, and security solutions. Directly comparable to Sitrade as a cash handling equipment and security technology provider serving banks and central infrastructure customers, with overlapping product categories including sorters, recyclers, and secure transport.

Others

• Brink's: Brink's is a global cash-in-transit, vault, and payment services company. As a downstream customer of cash processing equipment and security transport cases, Brink's is comparable to the customer base Sitrade serves - though Brink's competes with the Italian CIT operators that buy from Sitrade, making it an ecosystem participant rather than direct competitor.
• Loomis: Loomis is a European cash-in-transit and cash handling services company that is a customer profile of Sitrade (CIT, value transport). While Loomis operates CIT services rather than selling equipment, it is highly comparable as a downstream user of similar products and as a benchmark for the Italian cash services market dynamics Sitrade sells into.

Regional players

• Bancomat (Consorzio Bancomat): Bancomat is the dominant Italian interbank network for ATM and POS payments, owned by Italian banks. While not a cash handling equipment competitor, it is a key adjacent ecosystem player in Italian cash and payments infrastructure that influences demand patterns for Sitrade's products at Italian bank branches.

Broad incumbents

• Glory Global Solutions: Glory Global Solutions is Sitrade's Japanese parent and the world leader in money processing systems, offering the full technology stack that Sitrade distributes in Italy. As parent, it is the incumbent whose broader portfolio (including R&D and global product roadmap) underpins Sitrade's offering - relevant as the upstream technology provider and broader incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sitrade-italia-s-p-a-

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sitrade Italia