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ATM maker Triton Systems sold to Korean company
SEOUL, Korea (8/1/08)--Off-premise ATM maker Triton Systems will be bought be Nautilus Hyosung, which is based in Seoul, Korea. Nautilus announced the acquisition of the Long Beach, Miss.-based Triton Wednesday. The purchase is expected to close by the third quarter of 2008. Financial terms were not made available (Self-Service.org July 30). Triton is not expected to change its brand or manufacturing facility, Alicia Blanda, Triton spokesperson, told Self-Service. Triton is an ATM manufacturer and a competitor of Nautilus. Sam Ditzion, CEO, Tremont Capital Group, a strategic planning and merger and acquisition consultancy in Boston, said the move will be good for the industry and Nautilus. It also is a step toward market consolidation, he told the media outlet. He said he expects the price of ATMs to rise because there is not as much market competition.


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