Merlin Technology was founded in 1997 as wholesaler of currency handling equipment. In 2012, Merlin Technology launched an R&D department and started developing its own devices. Since then, the Company has become a leading supplier of cash handling solutions. Merlin Technology develops devices and added value innovative software (i.e. real-time reporting and integration with customer administration and Cash In Transit (“CIT”) companies, possibility of provisional cash crediting for automated cash handling. The Company provides various hardware solutions, varying from smart safes to bank-note testing equipment and sells both standard products (proprietary brands as well as third party products) and products specifically designed to the client’s cash handling needs, with added value software.