The transaction includes the switch of working belongings and novation of buyer contracts, and is anticipated to shut in Q1 FY27, in accordance with a press release.
It should add 8,000 automated teller machines (ATMs) to take CMS’ portfolio within the administration options enterprise, the place it acts as a know-how supplier and operations companion for banks, to 39,000 machines. It should additionally add new non-public sector banking relationships.
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CMS’ Government Vice Chairman and Chief Government Rajiv Kaul stated the managed providers trade is consolidating, and banks need to work with fewer and bigger companions.
“FSS’ purchasers are precisely the form of relationships we need to deepen, and bringing them onto our platform opens the door to serve them throughout our full suite of providers,” Kaul added.
An official assertion from the corporate stated it had outlined consolidation within the ATM administration house by way of acquisitions as a key strategic lever in September 2025.CMS providers’ one other 68,000 ATMs within the money logistics enterprise have been the mainstay for revenues.
The corporate added that its present infrastructure and working scale present a “pure foundation for integration efficiencies” as FSS’ operations are absorbed into the platform.
