Key Highlights
- CMS Info Systems to acquire FSS’s ATM Managed Services business for up to ₹115 crore.
- Transaction expected to add 8,000 ATM units to CMS’s managed services portfolio.
- Managed services portfolio to expand from 31,000 to 39,000 units.
- Deal strengthens relationships with private sector banks and expands service depth.
- Transaction expected to close in Q1 FY27 subject to customary conditions.
CMS Info Systems Limited, one of India’s leading business services providers, has announced the acquisition of the ATM Managed Services business of Financial Software and Systems Private Limited (FSS) for a consideration of up to ₹115 crore. The transaction is subject to customary conditions and is expected to be completed in the first quarter of FY27.
The acquisition involves the transfer of operating assets along with the novation of customer contracts. With this move, CMS aims to significantly strengthen its ATM management platform while expanding its presence in the banking services ecosystem.
The transaction is expected to add approximately 8,000 ATM units to CMS’s portfolio, increasing its managed services base from around 31,000 units to nearly 39,000 units. This expansion is aligned with the company’s long-term strategy of consolidation in the ATM management space and enhancing service capabilities across its integrated platforms.
CMS Info Systems stated that the deal will also deepen its relationships with private sector banks, a key focus area as financial institutions increasingly prefer working with larger, integrated service providers. The acquisition is expected to improve operational efficiencies by leveraging CMS’s existing infrastructure and scale.
The company’s ATM Management Solutions segment currently operates as an end-to-end technology and operations partner for banks and has demonstrated strong revenue visibility and growth trajectory. The addition of FSS’s managed services business is expected to further accelerate this growth and enhance service delivery capabilities.
FSS, established in 1991, is a well-recognised player in the payments and banking technology sector with longstanding relationships across public and private sector banks. The integration of its managed services operations into CMS’s platform is expected to create synergies across cash management, logistics, payment solutions, and technology services.
CMS highlighted that its broader platform, which includes Retail Solutions and Currency Logistics as well as Technology and Payment Solutions, will benefit from this acquisition. The company also noted that its existing digital and AI-driven offerings, including proprietary solutions, will support seamless integration and operational optimisation.