The Asian Banker

Cardtronics acquires assets of CGI Direct ATM
Oct 17, 2013

Houston, October 2nd 2013 - Cardtronics, Inc. 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.


Re-disseminated by The Asian Banker

Categories: Technology & Operations
Keywords: Cardtronics, CGI Direct ATM

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