ATM provider DirectCash Payments has struck a
deal to acquire Australian ATM company, Customers Limited, for
approximately $179m.
The deal is expected to close in the third
quarter of 2012.
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DirectCash has 7,900 ATMs in Canada and some
other countries, but that number will grow to about 14,200 once the
deal is completed.
The transaction is expected to add
approximately $129m in revenue to the DirectCash’s balance
sheet.
President and CEO of DirectCash, Jeffrey
Smith, said, “We are very excited about this acquisition as it
gives us a significant ATM market presence in Australia, and
continue to build our presence internationally.”
According to DirectCash, the deal aims to make
it one of the top ATM providers in the world with operations in
Canada, Australia, New Zealand, Mexico, the UK and the US.
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