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.
About Cardtronics (Nasdaq:CATM)
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, Cardtronics
is convenient access to cash, when and where consumers need it. Cardtronics is
where cash meets commerce.
Media Relations Investor Relations
Nick Pappathopoulos Chris Brewster
Director – Public Relations Chief Financial Officer
Cardtronics is a registered trademark of Cardtronics, Inc.
All other trademarks are the property of their respective owners.
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