Since CPS was bought by Privet Capital in 2016, we have achieved significant growth across the business. We have succeeded in securing numerous orders globally across our complete portfolio including banknote sorting solutions, single note inspection systems and our cash supply chain platform ECM™. As a result, we are incredibly proud to confirm that CPS is a profitable business.
Over the last two years we have seen an unprecedented level of growth, in excess of 25% year on year, and we are well positioned to see the same level of growth this year. Our continued growth and success has enabled us to further invest back into the business, to drive innovation. In the last 12 months, we have more than tripled the size of our R&D and Engineering teams in the UK and USA, that are working on a number of innovations around sensor technology, used banknote sorting, new banknote inspection, software and data solutions.