ITL strengthen presence in Turkey with long-standing Trading Partner

Cash handling and biometrics solutions leader, Innovative Technology (ITL), have recently bolstered their partnership with Timeks, their Turkish Trading Partner.  Timeks, based in Instabul, plan to further extend their distribution of ITL’s products to the local Turkish market over the coming years.

Commenting on their partnership, Stefano Mandelli, ITL Business Development Manager said, “When Timeks became an official distributor of our products seven years ago, their aim was to use their expertise of the local market to grow our market share in various vertical sectors within Turkey.  Our relationship is now well established, and we have increased our presence in the region significantly, even during the last few difficult years. I recently met with Can Inel, the Sales Manager of Timeks, at our German office and congratulated him and the rest of the team for a very positive 2022. I also used this meeting as an opportunity to update Can on our new product portfolio which will be launched in the region in 2023.”

Timeks partner with some of the best manufacturers in the world and have provided innovative solutions in numerous areas of automation since they wereestablished in 2002. They first became an official Trading Partner of Innovative Technology in 2015, providing local sales and support assistance to customers whatever their cash handling requirements.

Continuing Stefano said, “At the meeting I presented our latest solution the NV4000 Spectral – a high volume mixed bill recycler ideal for retail, plus biometric solutions including ICU Pro, ICU Lite and MyCheckr for age estimation and access control. These exciting new products are set to transform the industry and we look forward to working with Timeks to bring these products to the Turkish marketplace.”

Concluding Stefano said, “Timeks is doing a great job in the Turkish market, both as a Trading Partner and dedicated Service Centre. In the last two years, despite the market situation and struggling Turkish economy, Timeks have increased the business four-fold compared to pre-covid period, so we are very happy to continue to work closely in this important market. Thanks to our new solutions, we will be able to enter in new markets and with the support of our loyal Trading Partner, we are sure to continue to spread the ITL brand in the Turkish market”.