I think it's custom, but I think it might be easy to make if these are all the letters you need. The 'a' looks like a reversed G. The M looks like it could have been made by inverting the 'u' and extending the strokes, then overlaying it with the same new character. A flattened version of TC Europa could be a starting point to create this. Other squared fonts might work even better.
If you don't see any other letters, then I think this is a custom job for sure.
Iconian's Nolo Contendre is another possible font you could start from
and modify. It's free and would yield this:
I tried to do what I claimed could be done, and I admit I needed to play with outlines more than I thought I would have to, but here is my clumsy attempt to re-create this using Agfa's TC Europa Bold. You can see my skill with outline manipulation in Illustrator is not very polished, but this only took about 15 minutes. 
Captured from web.archive.org on 16 May 2005. view this capture
