Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Cardtronics Buys Merrimak ATM Business

Cardtronics (NASDAQ: CATM  ) is bulking up.

After close of trading Monday, the Houston-based owner/operator of automated teller machines announced that it has acquired the assets of California's Merrimak ATM Group. Merrimak is described as specializing in ATM sales, transaction processing, and ATM managed services.

Although this transaction has already closed (it closed June 3), Cardtronics did not provide any detail on the acquisition's cost or on its new subsidiary's sales or profits. Cardtronics did note, however, that Merrimak services about 4,800 ATMs nationwide, making the size of its fleet approximately 7% that of Cardtronics' -- and potentially, achieving almost all of the 9% profits growth that analysts had expected Cardtronics to produce this year.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2470379, ~/Articles/ArticleHandler.aspx, 11/27/2015 10:55:32 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

Today's Market

updated Moments ago Sponsored by:
DOW 17,778.78 -34.61 -0.19%
S&P 500 2,089.11 0.24 0.01%
NASD 5,117.28 1.14 0.02%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/27/2015 10:39 AM
CATM $37.92 Down -0.76 -1.96%
Cardtronics CAPS Rating: *