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NRT Technologies completes acquisition of US Bank's gaming ATM assets

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NRT Technologies completes acquisition of US Bank's gaming ATM assets

NRT Technologies Inc., which designs and develops enterprise platforms for the gaming industry, completed the acquisition of the gaming ATM assets of Minneapolis-based US Bank NA.

Terms of the agreement were not disclosed.

The acquisition includes 1,500 high-volume casino ATMs and self-service devices which dispense more than $5 billion annually across nearly 200 gaming properties in the U.S.

As a result of the acquisition, NRT now operates more than 31,000 ATM devices which process more than 300 million transactions and dispense more than $20 billion annually.

Fifth Third Bank acted as NRT's lead arranger of a bank syndicate that includes Capital One Financial Corp., Canadian Imperial Bank of Commerce and Umpqua Bank, for financing of the transaction.

In partnership with Diebold Nixdorf Inc., NRT will upgrade the acquired ATM fleet.