Cennox completes the acquisition of ATM Installation & Security Business, Acketts Group Ltd
London: 8th January 2018: Following a stellar year of growth, Cennox, the global supplier of Banking Solutions, has completed the successful acquisition of Essex based ATM installation & security business, Acketts Group Ltd. The deal joins two recognised and respected organisations who have both been delivering critical business services to customers across the banking industry for many years.
Displaying obvious synergies through their portfolio of products and services, as well as their commitment to supporting customers through service delivery, Cennox views the acquisition of Acketts as another confident step to cementing their position as the number 1 provider of ATM services.
Cennox continues to build a leading position in delivering a complete end-to-end service which is unique in the industry. Their ability to support customers across a diverse mix of ATM focused services, with enviable in-house capabilities, has resulted in many of the world's leading Banks and ATM deployers benefiting from efficiency and cost savings that help to drive operational improvements.
“Acketts have built an excellent business that shares many of the qualities that Cennox is passionately driven to provide our customers. Cennox is committed to ensuring the deal will enable our teams to flourish during the seamless transition".
Clive Nation, CEO, Cennox.
The acquisition of Acketts Group Ltd, will see all facilities and staff join the Cennox Group with immediate effect. The deal also includes their Essex Head Offices and supporting infrastructure coming under the care of Cennox.
“The acquisition of Acketts by Cennox is excellent news. The enthusiasm from the Cennox team is catching and I feel genuinely excited about Acketts being part of a larger group. The increased breadth of services, together with the knowledge and experience built up over the years will benefit the whole group, our staff and most importantly our customers with a great future to look forward to!”
Hilary Fearn, CEO, Acketts Group Ltd
The Acketts deal follows several other acquisitions for Cennox in 2017. The summer of 2017 saw the group acquire Diebold UK & Ireland and 3SI Security Systems’ European Division.