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GRG closes eFunds acquisition

GRG closes eFunds acquisition

ATM distributor GRG International (ASX:GRG) has announced it has completed the acquisition of the eFunds Group.

The deal was announced in November, and the transaction was at the time flagged to be worth up to $15 million.

GRG said with the purchase it had gained control of the exclusive outsourced ATM partner to Suncorp-Metway, and with the additional assets now operates 620 ATMs in Australia. GRG shares fell 3.85% on Wednesday to $0.250.

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Tags eFundsASX:GRGATMGRG InternatonalSuncorp Metway LtdMergers and acquisitions

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