Cardtronics (NASDAQ: CATM), the world's largest retail ATM owner, today announced it has completed its previously announced acquisition of Access to Money, Inc., a leading operator of merchant-owned ATMs and provider of cash machines to two major multi-unit retailers.
"People make the difference in any corporate acquisition integration, and Cardtronics is in the enviable position of this business combination bringing over a number of seasoned industry professionals from Access to Money. Accordingly, we anticipate an efficient and seamless integration of Access to Money's operations," said Steve Rathgaber, chief executive officer, Cardtronics. "We look forward to continuing our strong history of ATM up-time excellence, dedicated customer relations, and harvesting operational synergies for the benefit of clients both newly acquired and existing, as well as our shareholders."
Cardtronics will be hosting its third quarter earnings conference call on November 7, 2011, and at that time, will provide updated financial guidance for 2011, inclusive of the expected contribution from this acquisition.