Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
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.


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
15 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
17 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
19 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
19 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
21 hours ago