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Business Services & Equipment M&A image Business Services & Equipment M&A » By The Online Investor Staff, updated Fri., Oct. 22, 6:24 PM Recent mergers and acquisitions in the Business Services & Equipment M&A category.

Slide #86. DirectCash Brink's Threshold Subsidiary

Acquirer: DirectCash (DCI.CA)
Acquiree: Brink's Threshold Subsidiary (BCO)
Details: The Brink's Company (NYSE: BCO), a global leader in security-related services, announced today that is has agreed to sell its Threshold Financial Technologies subsidiary to DirectCash Payments Inc. (TXI: DCI) for $50 million. Under the terms of the agreement, DirectCash will acquire Threshold's private label ATM network and payment processing businesses in Canada. Upon completion of the transaction, Brink's will continue to own and operate Threshold's former integrated managed services business as Brink's Integrated Managed Services (Brink's IMS). The transaction, which is subject to customary closing conditions and is scheduled to close on or about October 31, is expected to generate a fourth-quarter gain from discontinued operations.

DirectCash Payments is a provider of ATMs, debit terminals and prepaid products in Canada. Co. has three separate lines of business: DirectCash's ATM business, DirectCash's Debit Terminal business and DirectCash's prepaid products business. Co. is engaged in the provision of ATM transaction processing; ATM ownership; ATM service and maintenance; sale of ATMs; Debit transaction processing; Debit Terminal service and maintenance; sale and ownership of Debit Terminals, sale of debit and credit cards; processing of cash card transactions; and sale of prepaid cellular and long distance air time.

Open the DCI.CA Page at The Online Investor »

DirectCash Payments is a provider of ATMs, debit terminals and prepaid products in Canada. Co. has three separate lines of business: DirectCash's ATM business, DirectCash's Debit Terminal business and DirectCash's prepaid products business. Co. is engaged in the provision of ATM transaction processing; ATM ownership; ATM service and maintenance; sale of ATMs; Debit transaction processing; Debit Terminal service and maintenance; sale and ownership of Debit Terminals, sale of debit and credit cards; processing of cash card transactions; and sale of prepaid cellular and long distance air time.

Open the BCO Page at The Online Investor »

Company Name: 
DirectCash Payments Inc
Website: 
www.directcash.net
Sector: 
Business Services & Equipment
Company Name: 
Brinks Co (The)
Stock buyback: 
BCO buyback
Website: 
www.brinks.com
Sector: 
Business Services & Equipment
Number of ETFs Holding BCO: 
54
Total Market Value Held by ETFs: 
$526.22M
Total Market Capitalization: 
$3.05B
% of Market Cap. Held by ETFs: 
17.23%
 

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