News in Brief

Brink’s Buys PAI Backing ATMs

Brink’s has bought PAI, Inc, the largest privately-held provider of ATM services in the US, for $213 million. PAI offers managed services and tools for ATM owner-operators, as well as owning its own ATMs. It writes its own software, providing cash management and maintenance solutions for ATMs.

Ownership of PAI, which looks after over 100,000 ATM service locations in the US, allows Brinks to offer its US customers ‘a complete range of ATM services, including full-service outsourcing, which increases the value of their ATM networks’.

In Europe, Brink’s has entered into agreements to take full ownership of 11,000 ATMs.

De La Rue on Course for Successful 2020/21

According to a trading update for 2020/21, De La Rue expects its adjusting operating profit for the year to be at the top end of the previously indicated £36-37 million range.