Cardtronics Banks CGI Direct ATM Assets

HOUSTON -- Cardtronics Inc. completed its acquisition of CGI Inc.'s ATM business. The transaction will add 1,000 merchant-owned ATMs to the network of its wholly owned subsidiary Cardtronics USA Inc.

All CGI Direct ATM cash machines will be converted to the Cardtronics brand. With this acquisition, Cardtronics now has more than 22,600 merchant-owned ATMs and supports a total fleet of 64,300 ATMs in the United States.

Terms of the transaction were not released. The deal officially closed yesterday.

The acquisition of Chandler-Ariz.-based CGI Inc. follows two other purchase transactions earlier this year. Houston-based Cardtronics added more than 8,000 merchant-owned ATMs when it separately purchased ATM assets from Aptus Financial and Merrimak ATM Group.

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