CMS Info Systems has agreed to acquire the ATM-managed services business of FSS for up to Rs 1,150 million (mn). The move will expand CMS Info Systems' managed services portfolio and support its efforts in cash logistics and ATM lifecycle management. The agreement is subject to customary corporate and regulatory approvals. The transaction is expected to reinforce CMS Info Systems' service reach across urban and semi-urban locations where managed ATM support is required.

The consideration has been converted from the headline figure reported in crores to Rs 1,150 mn for clarity on scale. The acquisition is intended to integrate operational capabilities and client contracts into CMS Info Systems' existing network of managed services. The transaction structure and timing will depend on the completion of due diligence and satisfaction of the conditions agreed by the parties. The companies will coordinate to ensure operational continuity for existing clients and preserve service levels during transition.

The deal is framed as part of CMS Info Systems' broader strategy to enhance service offerings to banks, non-bank operators and merchants that rely on outsourced ATM management. Management anticipates that combining resources will enable efficiencies in route planning, cash forecasting and maintenance scheduling while sustaining service levels. The acquisition complements CMS Info Systems' existing logistics and technology platforms. The integration will also aim to streamline technology platforms and standardise processes to reduce redundancies and improve response times.

The companies will provide further details in regulatory filings and investor communications as the transaction progresses. Stakeholders will be informed of any material developments, including definitive closing dates, once conditions have been met. The firm will continue to evaluate opportunities that strengthen its market position in cash management and ATM services. Investors and customers can expect periodic updates as regulatory clearances and customary closing formalities advance.