CMS Info Systems has acquired ATM Managed Services business of Financial Software and Systems (FSS) for a purchase consideration of up to Rs 115 crore. The transaction involves the transfer of operating assets and novation of customer contracts. The transaction is expected to close in Q1FY27.

The company’s ATM Management Solutions business, where it acts as the end-to-end technology and operations partner for bank networks, generated around Rs 1,300 crore in FY25 services revenue, with an 11% CAGR outlook through FY30. This acquisition grows the managed services portfolio from around 31,000 to 39,000 units, distinct from the around 68,000 machines CMS services through its currency logistics operations. Retail Solutions & Currency Logistics and Technology & Payment Solutions complete the platform, the latter including its VisionAI solution, HAWKAI.

CMS Info Systems operate its business in cash management services, banking automation product sales, deployment and associated annual maintenance and Label deployment and managed services for banks.