Cardtronics To Acquire DCPayments For C$19.00/shr - Quick Facts

(RTTNews) - Cardtronics plc (CATM) and DirectCash Payments Inc. announced a definitive agreement under which Cardtronics would acquire DCPayments for purchase price of C$19.00 per share, representing a transaction value of approximately $460 million in U.S. dollars. DCPayments is a global ATM services provider with approximately 25,000 ATMs with primary operations in Australia, Canada and the United Kingdom. The acquisition includes the assets of First Data Corp.'s Australian retail ATM and managed services ATM portfolio, which was acquired by DCPayments on September 30.

Cardtronics plc said, after closing, the company expects the acquisition to be accretive to non-GAAP adjusted net income per share. The financial impact will be reflected in fiscal 2017 guidance, expected to be issued in the first quarter of 2017.

Cardtronics CEO Steve Rathgaber said: "Our proposed combination with DCPayments will enhance our global presence by adding Australia as an anchor market in Asia-Pacific, in addition to New Zealand. It also would grow Cardtronics' existing ATM estates in Canada, the United Kingdom and Mexico. The combination will further position us to be the preferred global provider of ATM solutions to retailers and financial institutions."