Felix Group and Bank Machine agree ATM partnership deal

The agreement will see Felix and Bank Machine working together to deploy MAX BOX machines with Bank Machine commissioning, owning, managing and maintaining the ATM product offering, providing all the requisite operational ATM services through its membership of LINK, the UK ATM network. Felix will focus on delivering its own core competence - that of providing proven and new, innovative digital content.

Both parties will work together to find new sites to deploy machines and Bank Machine will, over time, review its existing estate and where appropriate either replace an existing ATM with an integrated MAX BOX machine or use its venue influence to seek agreement to install a MAX BOX mini machine (digital content only).

Commenting, Andy Egan - Chief Executive, Felix Group plc said: "'This agreement is very exciting for us. Bank Machine is the top UK operator of IAD services and part of the World's largest ATM operator. Their ATM services expertise will be invaluable to us and they already have an estate of hardware which we can complement with the digital retail services housed in the MAX BOX. Focusing on our own core competence whilst engaging with an organisation who is expert in their own field provides us with a tremendous opportunity to grow our own fledgling estate. I am delighted to have reached agreement with Bank Machine and very much look forward to working with Ron and his team to help deliver additional products and services to our respective customers, whilst generating incremental revenues linked to our mutual operational and marketing strengths."

Concluding, Ron Delnevo, Managing Director of Bank Machine Limited said: "As the company that founded the UK Independent ATM market, we are in an unrivalled position to work with the Felix Group. Our provision of state-of-the-art ATMs coupled with Felix Group's digital content, ensures that the offering to customers will be the most relevant and attractive in the market."