The origins of Azkoyen are inseparable from the personality of one man, Luis Troyas and his quest for technological innovation. In 1945 Luis Troyas founded "Talleres Azkoyen” in Peralta (Spain). In its early years Talleres Azkoyen designed, manufactured and successfully marketed equipment for the automation of agricultural processes.
In the 50s, the company left the agricultural sector, and focused its business on vending, a sector that was still underdeveloped. During this time the company launched automatic machines for selling lighter fluid, sweets and so on. Validators were also developed to accept coins of different values.
From the 60s Azkoyen grew rapidly in the area of vending, establishing a full range of vending machines, automated equipment for the sale of tickets for public transport etc. Parallel to this Luis Troyas pushed the development of coin acceptors and change givers. In 1968 Azkoyen launched its first change giver.
Since the early 80s the company push forward with the introduction of electronic control by microprocessor in its entire product range. This technology allowed the adaptation of the product to the needs of the contemporary world. The new Azkoyen designs and the commercial success of a policy focused on the internationalization led to the leadership of Azkoyen in several sectors.
Azkoyen developed the first 3.5" electronic coin validator. This validator was capable of accepting up to 16 different value coins and a validation in less than 3 milliseconds was achieved. Currently the 3.5" is the industry standard for acceptance of currencies in most of Europe. This development was collaboration between the Azkoyen and technological research centre Ikerlan.
Azkoyen collaborated with major telephone companies for electronic currency control of the telephone booths. In a few years Azkoyen became a world leader in the acceptance and return of coins in the telecommunications sector. In the following years Azkoyen developed the control of their equipment in telephone booths through telecommunications, an innovation that was used in several countries. These validator control systems were the largest online networks until the birth of the Internet.
Azkoyen went public. The Azkoyen Group was born which brought together the various business lines of the company.
From the 90s the leisure industry experienced significant growth in several countries in Europe. Azkoyen collaborated with several of the leading companies in the creation of gaming machines carrying out joint ventures in coin management systems. The result of this collaboration were the Hopper E and later the hopper U. The Hopper U device is currently the best selling coin refunder in the world. In 2004 this hopper model underwent important reengineering work to adapt it to new market needs, giving rise to the Hopper U-II.
Azkoyen is the leading manufacturer of payment control systems using the advantages of digital processors. The new generation processors allow the processing of signals at a more advanced level. A project in collaboration with the Public University of Navarre lead to a new generation of the modular coin validators DSP.
Incorporation of Coges spa, based in Schio (Italy), into the Azkoyen Group. Coges is a market leader in Italy with its Cashless Payment Systems, a complementary technology to the already existing Azkoyen payment control systems.
With the GTD acquisition, Azkoyen strengthens its position as a leading supplier of components for the control of charging and payouts both in Spain and Italy.
Under the guidance of Miguel Maiza, the new Director of Azkoyen Medios de Pago, the company implements the EFQM management model that fosters collaboration with customers, suppliers and even competitors. Azkoyen Medios de Pago strategically focuses its activity to new products and new sectors.
Azkoyen launches the banknote reader Billmaster, focussed on parking machines, change machines and the leisure industry.