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Off-premise ATM manufacturer Tranax Technologies Inc. on Friday moved into smaller offices, reflecting a shift in key operations to its new South Korean owner, Jeffrey Lee, Tranax's director of product management, tells CardLine sister publication ATM&Debit News. Tranax moved its headquarters to offices in Hayward, Calif., from a larger facility in Newark, Calif., Lee says. Tranax relocated to Newark, a 79,000 square-foot assembly plant and offices, in April 2007 from a 42,000 square-foot facility in Fremont, Calif. Over the weekend, Tranax moved into a 30,000 square-foot office because its new owner, Eltna Corp. of Seoul, South Korea, moved more manufacturing operations to Korea. Tranax's workforce also is less than half of what it was several months ago. The company employs 30 workers compared to more than 60 several months ago, Lee says.
