Cardtronics Buys Cardpoint - Quick Facts

(RTTNews) - Global ATM services provider Cardtronics, Inc. (CATM) reported acquiring Cardpoint Ltd., that trades as ATM services provider Cashzone in the United Kingdom, and as Cardpoint in Germany. In conjunction with this deal, Cardtronics launches a new corporate identity for its European operations, Cardtronics Europe, which would combine Cashzone, Cardpoint and Bank Machine, Cardtronics' existing U.K. unit. From a consumer point-of-view, the Bank Machine and Cashzone brands remain intact in the United Kingdom, as well as the Cardpoint brand in Germany.

Cardtronics Chief Executive Officer Steve Rathgaber said: "Cardtronics has been operating in the United Kingdom since our 2005 acquisition of Bank Machine, playing a key role in expanding ATM access in the U.K. With this transformative acquisition of the Cashzone and Cardpoint ATM estates, Cardtronics establishes the foundation upon which to build a Cardtronics Europe scale business to complement our North American operations."

Cardtronics Europe Ltd., a newly formed subsidiary of Cardtronics Inc., acquired Cardpoint Limited from Payzone Ventures Ltd. on 7 August for about 100 million pounds, or nearly $153 million cash.