atmbusiness.info » TRM http://atmbusiness.info ATM Business Tue, 10 May 2011 13:33:00 +0000 en hourly 1 http://wordpress.org/?v=3.3 ATM Business in Consolidation Phase http://atmbusiness.info/2008/04/atm-business-in-consolidation-phase/ http://atmbusiness.info/2008/04/atm-business-in-consolidation-phase/#comments Mon, 28 Apr 2008 17:58:56 +0000 ATM Business http://atmbusiness.info/?p=5 Continue Reading →

]]> We are seeing many larger providers taking over large ATM companies. Two major ones occurred this month. One included NJ based Access to Money. $15 Million dollars to be acquired by a public company TRM. The interesting twist here is TRM is being delisted from NASDAQ. Once you are delisted, it is virtually impossible to get back on. One major item that is looked at is the existing board of directors. If management and the directors are the same people, they will never get back to NASDAQ. In my opinion, look for TRM to be bought by private equity.

On a previous note, ATM Express also got acquired by PAI. This one makes more sense. PAI cut costs with the acquistion by keeping only 85 employees. PAI now has 800 distributors and a customer base that includes more than 26,000 ATM locations and more than 35,000 credit and debit merchants.

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