CMH Group acquires SAFELOGY and MLSA

Press Information
Acquisition of software specialists in cash management:

CMH Group acquires SAFELOGY and MLSA

– Ideal addition to ALVARA Cash Management Group
– Group to become pan-European market leader for track & trace software solutions through organic growth and further acquisitions
– Long-term oriented investor SIP supports sustainable growth strategy with comprehensive know-how, capital and network

Königstein, Germany / Bar le Duc and Marseille, France, May 16, 2019 – CMH Group, a leading privately-owned provider of software solutions for the cash cycle, has acquired the two French cash management software providers SAFELOGY SAS (SAFELOGY) and MLSA SAS (MLSA) with the support of its majority shareholder Silver Investment Partners (SIP). Under the umbrella of CMH Group, the two companies strengthen the German cash logistics specialist ALVARA Cash Management Group AG (ALVARA), a portfolio company of SIP since October 2018. The previous owners of SAFELOGY and MLSA, Emmanuel Gaucher and Cyril Portalez, retain a stake in the companies. They contribute their remaining shares to CMH Group and become minority shareholders of the Group. The parties have agreed not to disclose the purchase price.

Emmanuel Gaucher continues to be responsible for the operative business as CEO of MLSA and SAFELOGY. In addition, he will lead CMH Group together with Bernd Hohlfeld, CEO and founder of ALVARA. In this function, he will be responsible for the strategic positioning of the Group. Cyril Portalez remains CTO of SAFELOGY and in this position continues to develop the company’s innovative applications. “With ALVARA and SIP, we have gained strong partners with whom we can strengthen our market position in Europe. I look forward to jointly continuing the growth path of our companies,” said Emmanuel Gaucher, CEO of MLSA and SAFELOGY.

“The demand for cost-effective and secure IT solutions in cash management is growing continuously. We see great potential to establish a pan-European market leader for track & trace software solutions through organic growth and further acquisitions,” says Philipp Amereller, Managing Partner of SIP. “With SAFELOGY and MLSA, we’ve found the ideal addition to ALVARA.”

Tailor-made product offering for cash management
MLSA was founded in 1986 in Bar le Duc (France) and specializes in back-office applications to optimize cash management processes. The company operates internationally with a focus on Europe and Africa and offers retailers, cash-in-transit companies, financial institutions and public transport companies tailor-made software solutions to capture, control and monitor their cash flows.
In 2015, Emmanuel Gaucher, CEO and owner of MLSA, and Cyril Portalez jointly founded the start-up SAFELOGY in Marseille (France) to better meet retailers’ needs for software solutions to automate the cash cycle. The company has developed the first universal cash automation platform allowing merchants to optimize cash management through a flexible multi-vendor, customizable and integrated solution. The platform is used daily by more than 5,000 retailers. The cloud-based software enables customers to efficiently capture and track cash balances and cash flows. This allows retailers to reduce cash processing costs by up to 50 percent.

Attractive development opportunities as a Group

So far, many retailers, cash-in-transit companies and banks rely on resource-intensive proprietary solutions based on outdated technologies for cash management. With increasing digitization and efficiency pressures, so does the need for transparent, cost-effective and secure software solutions for the cash cycle. MLSA, SAFELOGY and ALVARA have benefited from this demand in recent years and have achieved strong organic growth in their respective markets. The merger in CMH Group now offers the companies new attractive development opportunities.

“The merger enables us to advance our international expansion and further broaden our product portfolio in the interest of our customers,” says Bernd Hohlfeld, CEO and founder of ALVARA and CEO of CMH Group. “The combination of our IT expertise and product competence allows us to bring innovative software solutions to market faster.”

Together, the companies are represented in 15 European countries. The European market for software solutions for cash management is still very regionally focused. Suppliers concentrate on their home markets and serve customers with local customer service. For international corporations, this means working with various providers with different software solutions and standards in their relevant markets. As a group, ALVARA, MLSA and SAFELOGY are in a unique position to serve their customers across Europe. By harmonizing standards, they create a uniform system landscape that makes it easier for customers to synchronize their cash management processes at the European level and thus realize efficiency gains. This enables the CMH Group companies not only to expand their customer base, but also to offer their existing customers a more comprehensive product portfolio and deepen their customer relationships.

SIP will support CMH Group as an entrepreneurial partner in its further development. The Group benefits from the investor’s know-how, network and long-term orientation. In order to sustainably expand the Group’s market position, SIP will work together with the management to drive forward the growth strategy – both through organic growth and further [timely] acquisitions in the industry.


SAFELOGY is an independent software specialist providing retailers with IT solutions for the entire cash cycle. With the first universal cash automation platform, SAFELOGY allows merchants to optimize cash management and reduce cash processing costs by up to 50 percent through a flexible multi-vendor, customizable and integrated solution. Headquartered in Marseille (France), the company is present in the EMEA market and caters to the US market through its subsidiary SAFELOGY CORP based in New York (USA).
Please find further information at:

MLSA is a leading European software producer specialized in back-office applications to optimize cash management processes. With 30 years of experience and more than 100 cash centers and back offices installed, MLSA provides retailers, cash-in-transit companies, financial institutions and public transport companies with comprehensive, tailor-made solutions to track and trace cash flows from end to end. The company operates internationally, with a focus on Europe and Africa, and caters to local branches of international groups as well as national corporations.
Please find further information at:

About ALVARA Cash Management Group AG
As a medium-sized information logistics company, ALVARA has redefined the management of cash. Comprehensive industry know-how makes it possible to understand and network the interests of cash handlers in finance and retail trade as well as cash-in-transit companies. Tailored IT solutions for the cash cycle are offered under the slogan “your cash safely in sight”. In doing so, a largely standardized approach is followed, which also involves the implementation of industry and customer-specific requirements. Through the use of state-of-the-art technologies and close cooperation with customers, market requirements and trends are taken to the forefront of development. For example, the ALVARA MünzMarktplatz (Coin market place) has been developed for trading coins on the Internet. ALVARA works proactively and strategically with its customers. The project management and software development process ensures high quality solutions available through certified data centers.
Please find further information at:

About Silver Investment Partners
Silver Investment Partners is an independent equity finance investor for medium-sized companies in Germany, Austria and Switzerland. An entrepreneurial, experienced and trusted partner, Silver Investment Partner engages in majority and minority interests in companies with revenues of between €5 million and €100 million, with a focus on companies with revenues of between €10 million and €50 million. The classic investment scenarios for medium-sized companies include succession situations, changes in shareholders, spin-offs of companies and growth financing. The investment strategy focuses on companies in business services, industrial and manufacturing, consumer and trade, healthcare / medical, alternative energy, environmental and related industrial technologies with attractive growth and value-added potential.
Please find further information at:

Press contact Silver Investment Partners:

Jacqueline Niemeyer
Hering Schuppener Consulting
Phone: +49 (0)69 92 18 74 71
Mob: +49 (0)175 967 00 73

Press contact SAFELOGY SAS and MLSA SAS:
Emmanuel Gaucher
42 Allées Turcat Mery
13008 Marseille, France
Phone : +33 951 858 176
Email :

Press contact ALVARA Cash Management Group AG
ALVARA Cash Management Group AG
Jana Scholz
Querstraße 18
D-04103 Leipzig, Germany
Phone: +49 341 989902-00
Fax: +49 341 989902-89

Contact for press questions:
Birgit Intrau
Kastanienallee 10
12587 Berlin
Phone: +49 30 65261148
Fax: +49 30 65261149

This privacy policy will inform you about which personal data is processed by SAFELOGY SAS (referred to hereinafter as the “provider”) and how this processing is done.

1. Personal data

Personal data is all information which can be used to identify a natural person (referred to hereinafter as “data subject”) directly or indirectly. This includes information such as your name, e-mail address and telephone number as well as the device number of your smartphone (IMEI) or login data.

2. Scope

This privacy policy applies to the website including any other, also mobile, applications (apps) which refer to this privacy policy. The ways to use the website which relate to the scope of this document are referred to hereinafter as the “offer”.

3. Controller

The offer is controlled by the company

42 Allées turcat Mery
13008 Marseille, FRANCE

If you have any questions or comments regarding the processing of your personal data, please do not hesitate to contact our Data Protection Officer at:

Data Protection Officer
42 Allées turcat Mery
13008 Marseille, France

4. Use of personal data

Our offer can be used without you having to transmit personal data to us in advance. However, if you transmit personal data to us, it is completely voluntary and, in doing so, you give us your permission to process this data for the desired purpose (direct contact, newsletter, see below).

4.1. Contact

If you have feedback or questions or require information about our products and services, you may correspond with us by using our contact form. To be able to process your inquiry, we require certain information for you. These details are transmitted to the responsible employee and used exclusively to process your inquiry. For this purpose, you only have to complete the fields marked as mandatory.

Alternatively, you can contact us via e-mail, therefore transmitting to us your e-mail address as the sender.

4.2. Newsletter

If you would like to receive our latest news on a regular basis, you can subscribe to our newsletter. We use the double opt-in procedure: After registering with your e-mail address, you will receive an e-mail from us where you can confirm that you do indeed want to subscribe to the newsletter. Your e-mail address will be used only to process your newsletter subscription.

Every newsletter contains a link with which you can unsubscribe from the newsletter at any time.

5. Data transmission to third parties

We do not sell or lease any of your personal data. Data is only transmitted to third parties if this is required to process a legal transaction.

We also transmit data if we are legally obligated to do so. This is the case when state institutions (e.g. law enforcement agencies) ask for information or present a court order. No data is transmitted to third-party countries (outside the EU) or international organizations.

6. Storage period

We keep your data confidential. After your inquiry has been processed and the legally required period of data retention has expired, your data is routinely deleted from our systems.

7. Data subject rights

You can obtain information free of charge and at any time on if and what personal data from you we have stored. If this is the case, you also have the right to obtain information about the data, the purpose of its processing, the recipients (if data is transmitted) and its origin (pursuant to Art. 15 of the GDPR).

Furthermore, you have the right to correction (pursuant to Art. 16 of the GDPR), deletion (pursuant to Art. 17 of the GDPR), limitation of processing (pursuant to Art. 18 of the GDPR) of your personal data as well as the right to transfer your data (pursuant to Art. 20 of the GDPR).

You also have the right to revoke your consent to the processing (pursuant to Art. 21 of the GDPR). Moreover, you have the right to complain to a data protection supervisory authority (pursuant to Art. 77 of the GDPR).

8. Profiling

We do not use automatic decision-making (profiling) based on your personal data.

9. Third-party services and content

As a part of our offer, we can present or refer to third-party content (e.g., maps from Google Maps, contributions on our YouTube channel, information on Twitter and Xing profiles). When accessing this content, your IP address is transmitted to the respective provider (referred to hereinafter as “third-party provider”). This is a technological necessity and happens whenever you access a website on the internet.

We do not have any influence as to whether the third-party provider stores your IP address or not.

Moreover, the third-party provider might obtain information from your browser regarding which page from our offer has led you to them. The third-party provider is responsible for how this information is used. We do not have any influence on this.

10. Cookies

We use cookies to ensure comfortable use of our offer. They facilitate and accelerate your operations on our website. Cookies are small text files which are stored to your computer. If you do not wish for cookies to be stored on your device, you can deactivate this option in your browser settings and adjust them so that you will be notified if a website uses cookies.

11. Automatically collected data

Server logfiles are automatically generated when using the offer.

These server logfiles contain a part of the data transmitted to us. Data such as the time and type of call, device ID or unique ID, device type, computer and connection information, reply times, browser type including version, reference URL, IP address and common weblog information is collected.

This anonymous data is stored separately from all personal data provided by a data subject and serves the statistical evaluation and optimization of the operation and security of the site. Server logfiles are also generated and evaluated to identify illegal use or attacks and, therefore, to ensure data protection and security.

12. Security

We have taken extensive technical and organizational measures to protect your personal data stored with us from unauthorized access or misuse. Our security procedures are regularly updated to state-of-the-art technology.

Our employees have been sworn to secrecy.