Business News • MarketWire • DirectCash Payments Inc. Announces Acquisition of InfoCash Holdings United Kingdom Business |
DirectCash Payments Inc. Announces Acquisition of InfoCash Holdings United Kingdom Business |
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DirectCash Payments Inc. Announces Acquisition of InfoCash Holdings United Kingdom Business
CALGARY, ALBERTA--(Marketwire - May 25, 2012) - DirectCash Payments Inc. (TSX:DCI) ("DirectCash" or the "Corporation") today announced that DirectCash has entered into an agreement with Triton Systems of Delaware, LLC ("Triton") to acquire the automated teller machine business of InfoCash Holdings Limited ("InfoCash"), a wholly owned subsidiary based in the United Kingdom. The purchase price was £11.8 million ($19.1 million CAN) including working capital such as inventory, prepaid expenses and accounts receivable. The acquisition is subject to customary purchase adjustments and holdbacks and was initially funded from DirectCash's acquisition credit facility.
View More : http://www.marketwire.com/mw/release.do?id=1661925&sourceType=3
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