Source: Cardtronics, Inc.
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.