February-March 2022 - 10

Nayax pays $4.5M
for OTI
Nayax Ltd entered a
binding agreement
to acquire On Track
Innovations Ltd. for about
$4.5 million in cash. Both
fintech firms are based
in Israel. According to
financial statements, OTI
reported revenues of $10.7
million in the first nine
months of 2021. COVID-19,
however, put cash flow
pressures on OTI, forcing
it into insolvency. " This
acquisition is an important
step in our plan to gain
share in our targeted
markets, " said Nayax chief
executive Yair Nechmad.
OTI specialized in ATM
readers and vending
payment terminals. It had
a presence in 50 countries.
VendingMarketWatch.
com/21253840
in restocking trips.
Cantaloupe boasts more
than 20,000 customers.
VendingMarketWatch.
com/21251696
M ONLINEORE
Hivery
Cantaloupe adds AI
features to Seed VMS
Cantaloupe Inc. has
teamed up with Hivery,
a CPG data-science
company, to integrate
AI and machine learning
capabilities to the Seed
vending management
system. The Hivery
Enhance solution is
expected to make Seed
Pro and Seed Office an
" even more intelligent tool
for customers. " Among
the benefits are data
sharing without thirdparty
tools; automatic
machine merchandising
decisions; smarter coil
allocations; and reduction
Pierre Bellon was 92
Sodexo founder and
chairman emeritus Pierre
Bellon, who early on
recognized
the huge
potential
of the
Bellon
corporate
services
sector, died
in Paris on Jan. 31. He was
92. He established Sodexho
SA (renamed Sodexo in
2008) in 1966 in Marseilles.
Today, his company
operates in 56 countries,
employs 412,000 people
and serves daily some
100 million consumers.
VendingMarketWatch.
com/21255271
NAMA-led coalition
secures introduction
of ERTC fix in Senate
VendingMarketWatch.
com/21256404
Arabica prices
forecast to decline,
robusta to gain
VendingMarketWatch.
com/21253488
FAS International
transitions to CO2
refrigeration
VendingMarketWatch.
com/21251646
Hershey completes
Dot's acquisition
VendingMarketWatch.
com/21250404
PEOPLE IN THE NEWS
Bellon
Sodexo's interim CEO now permanent
The Paris-based foodservice giant
appointed chairwoman Sophie Bellon as its
permanent chief executive. She had held
the post provisionally following last year's
resignation of Denis Machuel. Bellon is
daughter of Sodexo founder Pierre Bellon.
Hill
Pepsi Bottling Ventures taps new chief
The joint venture of Suntory Group and
PepsiCo named Derek Hill president and
chief executive. Hill has worked 30 years in
the Pepsi system. He succeeds Paul Finney,
who held the top PBV post for a decade.
Krail
AVS names new marketing director
The vending equipment distributor
promoted Keith Krail to marketing director.
Krail, who joined AVS Companies a year
ago as digital marketing manager, replaces
Cortney Kinzler, who's exited after 17 years.
10 Automatic Merchandiser * February/March 2022
Hoskins
Craig Hoskins to lead PFG's Vistar unit
Performance Food Group Co. named
Hoskins president and chief operating
officer of Vistar, its vend product division.
Former Vistar chief Pat Hagerty has
advanced to executive vice president and
chief commercial officer of PFG.
Hoyme
Coke FL appoints FSOP vice president
Coca-Cola Beverages Florida promoted
Tod Hoyme to vice president of foodservice
and on-premise. Hoyme will lead sales and
manage accounts in all FSOP channels,
including vending and fountain operations.
Dumbrell
Jeff Dumbrell joins Cantaloupe as CRO
The digital payments company appointed
Dumbrell chief revenue officer. He is
responsible for the company's global sales
and revenue strategies. Dumbrell has 20
years' experience in the payments sector.
http://VendingMarketWatch.com/21251696 http://VendingMarketWatch.com/21256404 http://VendingMarketWatch.com/21253488 http://VendingMarketWatch.com/21251646 http://VendingMarketWatch.com/21255271 http://VendingMarketWatch.com/21250404 http://VendingMarketWatch.com/21253840
February-March 2022

Table of Contents for the Digital Edition of February-March 2022
