Global ATM services provider Cardtronics has acquired Cardpoint Limited, which trades as ATM services provider Cashzone in the UK and as Cardpoint in Germany.
In conjunction with this deal, Cardtronics has launched a new corporate identity for its European operations, Cardtronics Europe, which will combine Cashzone, Cardpoint and Bank Machine, Cardtronics’ existing UK subsidiary.
From a consumer point of view, the Bank Machine and Cashzone brands remain intact in the UK, as well as the Cardpoint brand in Germany.
Cardtronics chief executive officer Steve Rathgaber says: "Cardtronics has been operating in the UK since our 2005 acquisition of Bank Machine, playing a key role in expanding ATM access in the UK With this transformative acquisition of the Cashzone and Cardpoint ATM estates, Cardtronics establishes the foundation upon which to build a Cardtronics Europe scale business to complement our North American operations."
Cardtronics has been part of the ATM provider community in the UK since its 2005 acquisition of Hatfield, Hertfordshire-based Bank Machine, which owns and operates an estate of 4,300 non-bank cash machines, both free-to-use (FTU) and pay-to-use (PTU). Additionally in the UK, Cardtronics operates Green Team Services, an in-house armoured courier provider; New Wave, its own ATM installation operation; and in-house maintenance and engineering teams.
Established in 1999, Cashzone is an ATM services provider in the UK. With its ATM estate numbering 7,100 FTU and PTU machines, Cashzone ATMs are located primarily at retailers, petrol forecourts, service stations and food and drink outlets.
By combining the ATM estates of Bank Machine and Cashzone, Cardtronics Europe establishes a portfolio of 11,400 free-to-use and pay-to-use ATMs in the UK. In Germany, Cardpoint operates 800 ATMs, which is the largest independent ATM portfolio in the country.
Cardtronics now operates a global network of 80,100 ATMs—with machines in the US, UK, Mexico, Canada and Germany.
Jonathan Simpson-Dent has been appointed to the role of managing director of Cardtronics Europe, having served as Cardpoint Limited chief executive officer since February 2012. He will report to Steve Rathgaber, chief executive officer of Cardtronics. Andreas Raabe will continue in his role as managing director of German operations and he will be become part of Cardtronics’ European leadership team.
Simpson-Dent says: "As managing director of Cardtronics Europe, I am excited to be inheriting the proven sales engine from Cashzone and Cardpoint, the leading operational platform of Bank Machine and the financial stability and backing that comes with global ATM services provider Cardtronics. I look forward to further developing and capitalizing on these combined strengths to serve our existing customers, unlock new business opportunities and write the first chapter of a growth-oriented Cardtronics Europe."
