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Bank of Queensland grows ATM network with purchase from independent

February 6, 2005

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Sydney Morning Herald: The Bank of Queensland has said it will acquire 116 ATM contracts from Autocash Systems Australia for $800,000 (U.S. $617,570).

The acquisition, finalized on Jan. 31, brings BOQ's fleet to 2,275 machines.

"With 18 interstate branches already open, a network of 137 branches in Queensland and now a total of 2,275 ATMs across the country, including more than 1,400 branded BOQ, we have made huge strides to broadening our reach," said BOQ managing director David Liddy. (Subscription required.)

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BOQ purchased independent ATM operator ATM Solutions Australasia for $16.2 million (U.S. $10.9 million) in June of 2003.

(Read related stories from our archives: Aussie bank buys out top ATM ISO, ISO consolidation continues in Australia and Market likes Aussie bank's ISO acquisition)