ATM Net has been acquired by Kontanten AB

Point Transaction Systems AS (Point) has sold ATM Net, the leading independent operator of ATMs in Norway, to the Swedish company Kontanten AB for an undisclosed consideration.

ATM Net is an owner and operator of ATM machines.

After this acquisition, Kontanten AB has become the second largest ATM operator in the Nordics, with approximately 1,000 terminals in its portfolio. The acquisition of ATM Net includes 300 ATMs placed in shopping malls and other high traffic retail outlets as well as employees and support systems. Kontanten AB is owned by the venture fund Scope, as well as private investors.

Point Transaction Systems AS is part of Point International, a leading Northern European provider of card payment solutions. Point International is owned by VeriFone Systems Inc., a global leader with secure electronic payment solutions.The divestment of ATM Net further enhances Point’s focus towards electronic payment systems.

Oaklins' team in Norway advised Point Transaction Systems AS on the divestment of ATM Net.