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TestLink acquires OEM Oceansounds ATM parts biz, takes No. 1 position in market
March 28, 2010
United Kingdom-based refurbished ATM supplier TestLink Services Ltd. has acquired ATM parts specialist OEM Oceansound Ltd., making TestLink the largest ATM spares operation in the world, TestLink says.
TestLink says the acquisition creates a global ATM parts and spares operation worth £10 million (U.S. $15 million).
"OEM's £3 million turnover operation is a perfect fit for U.K.-based TestLink's sophisticated ATM parts supply solution, which includes outsourced ATM parts inventory management," TestLink says.
TestLink's advanced logistics means OEM's customers can get ATM parts shipped directly to their field engineers by advance exchange, the company says. New and refurbished ATM parts are shipped directly to the point of need, so engineers can fit the parts immediately.
"OEM Oceansound's ATM parts business brings excellent synergies to our business," said TestLink chairman Nick Beer. "It strengthens our already successful ATM spares operation and dovetails well with our ATM module repairs business. These synergies will have tremendous benefits for all our customers across the world."
OEM was founded 10 years ago by Paul Trafford. Its offices and technical facility in Camberley, Surrey, are 80 miles from TestLink's Poole, Dorset, headquarters.
TestLink has directed all new ATM parts sales to the Surrey site. The OEM name will continue as the dedicated ATM parts division of TestLink, with further investment in the Surrey operation.
Over the last two years TestLink has increased annual sales from £4 million (U.S. $6 million) in 2008 to £5.7 million (U.S. $8.5 million) in 2009.
TestLink supplies refurbished ATMs and individually tailored ATM services, including ATM security upgrades such as anti-ramming, anti-skimming, ATM cassette locking bars, ATM cassettes in stock, ATM cassette refurbishment and repair, and NCR Corp. ATM cassette testing systems. TestLink also has a dedicated chip-and-PIN repair operation and a laptop repair business, Laptop Support, which provides solutions for corporate and individual users.
TestLink operates to the ISO9000 and ISO14001 quality standards.
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