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Slide #59. Cardtronics, Inc. — Assets of Merrimak ATM Group
Cardtronics, Inc. (CATM)
Assets of Merrimak ATM Group
Cardtronics, Inc. (Nasdaq:CATM) today announced its wholly owned subsidiary, Cardtronics USA, Inc., has acquired the assets of Merrimak ATM Group, LLC. Based in Rohnert Park, Calif. and an independent ATM deployer since 1995, Merrimak ATM Group provides ATM servicesprimarily ATM sales, transaction processing and ATM managed servicesto a nationwide fleet of 4,800 ATMs, consisting almost entirely of merchant-owned cash machines. The transaction was signed and closed on June 3; 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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Hold (1.60 out of 4)