Independent ATM supplier TestLink has acquired ATM parts specialist OEM Oceansound Ltd to make their combined ATM spares operation the world's biggest of its kind.
TestLink is building on strong organic growth by adding OEM's ATM spares business to its own global ATM parts operation - creating a £10 million ATM group.
OEM's £3 million turnover operation is a perfect fit for UK-based TestLink's sophisticated ATM parts supply solution, which includes outsourced ATM Parts Inventory Management.
It gives customers of OEM direct access to TestLink's extensive NCR and Wincor ATM parts repair operations.
TestLink's advanced logistics means OEM's customers can get ATM parts shipped directly to their field engineers by advance exchange.
New and refurbished ATM parts are shipped directly to point of need so engineers can fit them immediately - before the original damaged parts get back to TestLink's ATM parts repairs team.
TestLink ATM Parts Inventory Management operation enables banks, maintenance organisations and other ATM operators to outsource all their ATM parts worries.
Logistics experts at TestLink provide a complete ATM Parts Inventory Management business, freeing up customers to concentrate on their core business.
TestLink Chairman Nick Beer said: "OEM Oceansound's ATM parts business brings excellent synergies to our business.
"It strengthens our already successful ATM spares operation and dovetails well with our ATM module repairs business.
"These synergies will have tremendous benefits for all our customers across the world," he added.
OEM was founded 10 years ago by Managing Director Paul Trafford. Its offices and technical facility in Camberley, Surrey are just 80 miles from TestLink's Poole, Dorset headquarters.
Mr Trafford, who has joined TestLink along with his team, said: "This comes at a great time for OEM. We needed a strategic partner like TestLink to take our company to the next level."
TestLink has demonstrated its commitment to its new 16-strong team at Camberley by directing all new ATM parts sales to the Surrey site, creating much-needed capacity at Poole to meet growing demand there.
The OEM name will continue as the dedicated ATM parts division of TestLink with further investment in the Surrey operation.
But the OEM ATM parts expansion is just one facet of TestLink's ambitious and sustained expansion strategy.