Cardtronics acquires NBEC ATMs and merchant contracts

Texas-based ATM deployer Cardtronics has acquired 1100 ATM locations and the related merchant contracts from independent sales organisation National Bank Equipment Corporation (NBEC), for an undisclosed sum.

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Cardtronics acquires NBEC ATMs and merchant contracts

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The acquisition expands Cardtronics ATM network to more than 11,000 locations, greatly increasing its presence in New York State and the surrounding area.

Jack Antonini, chief executive officer, Cardtronics, says: "As the industry continues to consolidate, we are aggressively pursuing the acquisition of well-managed ATM portfolios like NBEC's to fuel our growth."

NBEC says Cardtronics has the infrastructure in place to minimise any disruptions to customers.

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