HOUSTON Cardtronics on Wednesday announced it has agreed to acquire the ATM business of CGI Direct, a Chandler, Ariz., operator of 1,000 ATMs.
The deal was signed and closed on Oct. 1; terms of the deal were not disclosed.
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, including its company-owned and managed services portfolios.
Cardtronics, which is the key electronic funds transfer switch for credit unions, now supports a total fleet of 64,300 retail ATMs in the U.S. Cardtronics provides connections to ATMs for the credit union-owned CO-OP Financial Services and Credit Union 24 ATM networks, and hundreds of individual credit unions through its Allpoint surcharge-free network.
