Acquisition extends leadership position in ATM Parts and Solutions Industry and expands on its ability to provide innovative ATM solutions to its customers worldwide.
TestLink, a global leader in ATM solutions for the ATM industry has today announced that it has acquired ATM Parts Plus.
The acquisition of ATM Parts Plus continues the TestLink Group’s international growth plans, and extends the TestLink Group’s position as a global leader and provider of ATM parts and services worldwide.
ATM Parts Plus are experts on NCR and Diebold ATMs, and have a collective industry experience of over 40 years. Based in Franklin, Ohio, the business specialises in supplying ATM parts all across the USA, and brings significant expertise and parts inventory to support the combined businesses ATM parts and service offerings.
The new and enlarged organisation now employs more than 150 employees across Europe and the USA, and has cemented its position as one of the largest independent ATM parts and services businesses in the world. Holding more than $7.5m of inventory across three distribution hubs worldwide, the business has recently extended its geographic reach and now serves nearly 2,000 customers in more than 60 countries across Europe, The Americas, Africa, Asia and the Pacific region.
“We are pleased to join forces with the TestLink group, already recognised as a leading International ATM parts and services provider” said Mike Minges, President of ATM Parts Plus. “The arguments for bringing the two businesses together were very compelling and the synergies very obvious. We look forward to increasing the levels of service we provide to new and current customers alike”.
The TestLink group, celebrating 25 years in business this year, are experts in ATMs and ATM part supply. Still managed by its co-founders, the business has gone from strength to strength, with this acquisition (the second in less than a year) a demonstration of TestLink’s successful strategy of growing both organically and through acquisition.
“This acquisition is another example of our commitment to our customers and the geographies they operate in” said Nick Beer, Chairman of the TestLink group. “It is wonderful how much our two businesses complement each other, and we are very excited by the opportunities we’ll have to increase our expertise, product range and breadth of services, as well as provide an even higher standard of service to all of our customers”.
- TestLink to acquire ATM Parts Plus, extending their leadership position in the ATM and ATM parts industry worldwide
- Acquisition brings significant expertise and parts inventory to the TestLink group
- TestLink continue their strategy of growing the business through organic growth and acquisition