Turkey
Hugin Ödeme Sistemleri, known for its slogan, "Retail solutions use POS systems to ensure efficient transactions in the retail sector," is a prominent player in the financial services and payments industry. Originally founded as Hugin Kassaregister AB in 1928 in Sweden, the company established itself as a leader in cash register manufacturing, often dubbed the 'Volvo' of retail for its reliable and robust products.
Following a restructure in 1986, operations ceased under its original entity, transferring assets to subsidiaries across Europe. Today, Hugin Retail Solutions operates out of Turkey, continuing the legacy with innovative retail technology solutions. Its offerings span from basic electronic cash registers to advanced network-connected sales terminals and receipt printers, catering to both local and international markets.
Currently, there is no recent investment activity reported, indicating potential room for partnership or capital infusion to expand market reach and technological development further.
