Co-op completes Sunwin deal
Mon, 3rd November 2014

Co-op completes Sunwin deal

The Co-operative Group has completed the £41.5m sale of its Sunwin Services Group business.

The Manchester-headquartered group reached an agreement to sell the company to Cardtronics earlier this year.

Services provided by Sunwin Services Group include the transit of cash and valuables; ATM support; and managed security.

All 1,500 Sunwin Services Group staff will transfer to Cardtronics who will also take on the head office in Bradford and 14 regional depots.

The group has also entered into a commercial contract with Cardtronics for the operation of the ATM estate within The Co-operative Food stores.

Pinsent Masons acted as legal adviser to the Co-op on this transaction.

category North West  |  source Insider Media