Houston-based Cardtronics has acquired South Africa’s largest independent ATM provider for an undisclosed sum.
The acquisition of Spark ATM Systems establishes South Africa as an anchor market in Africa for Cardtronics, according to a company statement. Spark, a 12-year-old company, has a network of about 2,600 ATMs in that country.
“Spark ATM Systems is an innovative and highly respectied ATM deployer, with relationships with leading banks in South Africa, making it a strong fit with Cardtronics,” Cardtronics CEO Steve Rathgaber said in a statement. “We are excited to broaden our global footprint into South Africa, with a management team that has built an impressive operating and technology platform.”
Spark will keep its management team and continue to operate under its name.
- Original article can be found here.