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Acal buying ATM Parts
April 23, 2002
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ClaudeLONDON -- London-based Acal PLC is paying an initial $11.6 million for ATM Parts Company Ltd., a spare parts distributor for ATMs and cash dispensers, according to United Kingdom's AFX News.
Acal could pay an additional $5.8 million in two payments, depending on ATM Parts' performance during the years ending Aug. 31, 2002 and 2003, the release said.
ATM Parts, based in Hampshire, reported $13.2 million in sales and $1.9 million in pretax profit for the year ended Aug. 31, 2001. The company supplies spare parts to ATM suppliers IBM, AT&T, Interbold, Diebold and De La Rue/InterInnovation.
Acal provides sales and marketing services for international suppliers in the electronic components, IT products, IT parts services and industrial controls industries.
Included In This Story
Diebold Nixdorf
As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.
Featured Vendor
Industry leader since 1986, ACG operates offices in Atlanta, Las Vegas, London, and Poland. Providing ATM hardware and services to financial institutions, ATM service providers and gaming industries. ACG is proud to be a Master Distributor of the ATEC LTA-450, LTA-380 and LTA-100 Teller Cash Recyclers.
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