M&A Deal Summary

Cennox Acquires StrongPoint - Cash Security Business

On December 18, 2020, Cennox acquired business services company StrongPoint - Cash Security Business from StrongPoint

Acquisition Highlights
  • This is Cennox’s 3rd transaction in the Business Services sector.
  • This is Cennox’s 1st transaction in Norway.

M&A Deal Summary

Date 2020-12-18
Target StrongPoint - Cash Security Business
Sector Business Services
Buyer(s) Cennox
Sellers(s) StrongPoint
Deal Type Divestiture

Target

StrongPoint - Cash Security Business

Raelingen, Norway
StrongPoint's Cash Security Business provides banking and retail customers with a fully end-to-end cash protection solution.

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Buyer(S) 1

Buyer

Cennox

Surrey, United Kingdom

Category Company
Founded 2004
Sector Business Services
DESCRIPTION

Cennox provides ATM services and technology business. The ATM division supplies a range of sector-specific services to banks and ATM service businesses including parts supply, project and field services, and signage. Cennox was founded in 2004 and is based in Surrey, United Kingdom.


DEAL STATS #
Overall 4 of 11
Sector: Business Services M&A 3 of 9
Type: Divestiture M&A Deals 3 of 7
Country: Norway M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Diebold Nixdorf - Diebold UK Business

United Kingdom

Diebold Nixdorf, Inc. - Diebold UK Business is a provider of software services for banks and commercial retail for cash and consumer transactions conveniently, securely and efficiently.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Bancsource

Springfield, Missouri, United States

Bancsource is a nationwide maintenance service (equipment) provider to more than 1,500 banks and retailers. Key technology serviced includes ATMs, smart safes, teller cash dispensers, teller cash recyclers, drive-up banking, branch banking equipment, and other banking technology. Bancsource was founded in 1979 and is based in Springfield, Missouri.

Buy -

Seller(S) 1

SELLER

StrongPoint

Oslo, Norway

Category Company
Founded 2000
Sector Software
Employees510
Revenue 1.3B NOK (2024)
DESCRIPTION

StrongPoint is a provider of software services to retail industry. StrongPoint was founded in 2000 and is based in Oslo, Norway.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-26 CashGuard AB

Taby, Sweden

CashGuard AB is provider of IT services for closed cash handling and cash logistics to retail outlets, post offices, and banks.

Buy -