Cardtronics announced that its indirectly wholly-owned subsidiary, Cardtronics Creative UK Ltd., has acquired i-design group plc. Based in Scotland, i-design provides the technology and services that transform ATM screens and receipts into delivery devices for interactive customer communications by financial institutions, as well as advertising space for retailers, third-party advertisers and independent ATM owners. As of March 7, Cardtronics has acquired a sufficient number of shares of i-design for a cash payment of 60 pence per i-design share to allow it to commence the process to compulsorily acquire the remaining i-design shares on the same terms. Total cash consideration will be approximately GBP 8.5M and i-design comes to Cardtronics with a debt-free balance sheet. Cardtronics expects that the transaction will be neutral to adjusted net income per share and not have a significant impact on consolidated revenues in 2013.
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