Cardtronics, the nation’s largest operator of ATMs, on Nov. 3 agreed to acquire Mr. Cash ATM Network Inc., an operator of more than 600 ATMs in Canada, to expand its operations to north of the border.
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“In Canada, Cardtronics gains a new market that is nearby and home to many well-known merchants and financial institutions operating on both sides of the border,” Steve Rathgaber, the company’s CEO, said in a press release.
Cardtronics also will look to place cash machines in Canada’s most relevant retailers, thereby creating high-visibility ATM branding opportunities for financial institutions, Rathgaber said.
Financial terms of the deal were not disclosed.
