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Article: Nautilus Hyosung Seen Picking Up Triton Clients.(Cards)
- Article from:
- American Banker
- Article date:
- June 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Frederick H. Lowe
Nautilus Hyosung Inc. may not have been able to purchase its rival in the off-premise automated teller machine market Triton Systems of Delaware Inc. from Dover Corp., but observers say it has already acquired some of Triton's customers.
The deal was announced in July, but last month, after the Justice Department said it would stifle competition, the companies scuttled it.
Analysts had estimated that Nautilus Hyosung would control 65% to 70% of the $175 million retail off-premise ATM market after buying Triton.
However, Leon Majors, the president of the Phoenix Marketing International's payment system ...