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Slide #44. Cardtronics — Assets of CGI Direct ATM
Assets of CGI Direct ATM
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.
Cardtronics provides automated consumer financial services through its network of automated teller machines and multi-function financial services kiosks (collectively referred to as ATMs). Co. provides managed service ATM solutions for retailers and financial institutions with various service offerings related to ATMs, including electronic funds transfer transaction processing services, along with other ATM-related services. Co. also owns and operates the Allpoint network (Allpoint). Allpoint provides services to organizations that manage debit card programs on behalf of corporate entities and governmental agencies, including general-purpose, payroll, and electronic benefits transfer cards.
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