HOUSTON, Feb. 12, 2015 (GLOBE NEWSWIRE) -- Cardtronics, Inc. (Nasdaq:CATM), the world's largest retail ATM owner / operator, today announced it has signed a definitive agreement and completed the sale of its Sunwin Managed Security business to Kingdom Security Limited, one of the largest privately owned companies in the U.K. security industry. The transaction was signed and closed on Feb. 11; terms of the deal were not disclosed.
Cardtronics acquired Sunwin Managed Security, a provider of manned guarding services with approximately 640 security professionals, as part of its November 2014 acquisition of Sunwin Services Group. Other units of Cardtronics' Sunwin Services Group - secure cash logistics and ATM maintenance - continue to be owned and operated by Cardtronics.
"Kingdom is an ideal home for Sunwin's manned guarding services business and we believe Sunwin Managed Security's clients will benefit from Kingdom's decades of experience and specialization in risk, loss and security services," said Jonathan Simpson-Dent, managing director, Cardtronics Europe.
Anticipated Impact to 2015 Results
This transaction will not alter Cardtronics' 2015 guidance, as this divestiture was included in guidance issued on Feb. 4, 2015.
About Cardtronics (Nasdaq:CATM)
Making ATM cash access convenient where people shop, work and live, Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics owns/operates more than 110,200 retail ATMs in U.S. and international locales. Whether Cardtronics is driving foot traffic for America's most relevant retailers, enhancing ATM brand presence for card issuers or expanding card holders' surcharge-free cash access on the local, national or global scene, Cardtronics is convenient access to cash, when and where consumers need it. Cardtronics is where cash meets commerce.
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