Cardtronics Acquires Assets of CGI Direct ATM
HOUSTON, Oct. 2, 2013 (GLOBE NEWSWIRE) -- Cardtronics, Inc. (Nasdaq:CATM) today announced its wholly owned subsidiary, Cardtronics USA, Inc., has closed on the acquisition of ATM business assets from Chandler, Ariz.-based CGI, Inc. (CGI Direct ATM), adding approximately 1,000 merchant-owned ATMs to its nationwide U.S. fleet. The transaction was signed and closed on Oct. 1; terms of the deal were not disclosed.
Part of the company's continued growth plan for its merchant-owned ATM business, the CGI Direct ATM acquisition grows Cardtronics' U.S. merchant-owned ATM portfolio to more than 22,600 cash machines. The CGI Direct ATM transaction follows similar acquisitions earlier this year involving 3,300 and 4,800 mostly merchant-owned ATM relationships from Aptus Financial and Merrimak ATM Group, respectively. Including its company-owned and managed services portfolios, Cardtronics supports a total fleet of 64,300 conveniently located retail ATMs in the United States.
All CGI Direct ATM cash machines will be converted to the Cardtronics brand.
Making ATM cash access convenient where people shop, work and live, Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics owns/operates more than 81,200 retail ATMs in U.S. and international locales. Whether Cardtronics is driving foot traffic for America's most relevant retailers, enhancing ATM brand presence for card issuers or expanding card holders' surcharge-free cash access on the local, national or global scene, Cardtronicsis convenient access to cash, when and where consumers need it. Cardtronicsis where cash meets commerce.
Cardtronics is a registered trademark of Cardtronics, Inc.
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Source: Cardtronics, Inc.