Burroughs Inc. has acquired Absolute ATM Services Inc. and intends to integrate the ATM independent sales organization with its maintenance services and transaction technology operations.
Terms of the deal, announced Sept. 4, were not disclosed.
Houston-based Absolute ATM services 1,600 machines and owns and operates more than 600 ATMs, many of which are outsourced to its clients, according to the news release announcing the deal. With the acquisition, Burroughs, a global provider of document and payment-processing image technology, becomes a preferred partner for ATM-outsourcing services for A & S Datacash Inc., a Houston-based provider of ATM managed services to community banks and credit unions.
"The acquisition of Absolute ATM Services further expands our maintenance-services footprint and demonstrates our continued commitment to maintaining our position as a maintenance services market leader," Alan Howard, president and CEO of Burroughs, said in the release.
Private-equity firm Marlin Equity Partners owns Plymouth, Mich.-based Burroughs.
