French group MADIC has acquired TLM, developer of the evolution suite of technology for forecourt operators and convenience retailers.
“We are pleased to have TLM company among our subsidiaries. TLM is a dynamic and innovative player in the retail and forecourt market in the UK. This new acquisition is part of the MADIC group’s development strategy on the international payment and customer track datalisation market, in order to meet the operational and financial needs of our customers, retailers, fuel operators and maintenance companies,” said Fabrice Chapelain, MADIC group CEO.
Lee Papper, TLM CEO, added: “I’m delighted with our agreement with MADIC group, securing TLM’s future and creating a fantastic platform for business growth. The acquisition will see TLM’s evolution product suite developed and deployed internationally with the backing of a world-renowned player in the fuel and convenience market. This deal preserves TLM’s existing operational set-up, avoiding major upheaval for both customers and staff. It’s an exciting future that I look forward to as a new member of MADIC group team.”