ATLANTA, May 26, 2021 / PRNewswire / – Cennox announces the acquisition of US financial equipment and services company, Bancsource. The agreement allows Cennox to expand its business through United States and continue to build on their extensive field service programs for their customers.
Cennox, founded in 2006, provides integrated services and solutions to the finance, retail and transportation industries. Cennox operates widely throughout the United States, UK and mainland Europe support its first-rate clientele with a base of highly qualified employees. Following this acquisition, the fifteenth since the creation of Cennox, the company will have nearly 1,500 employees worldwide.
“Bancsource offers Cennox an excellent opportunity to strengthen and expand its service offering in the areas of banking automation, fault repair and safe deployment and maintenance” Explain Clive Nation, Founder and CEO of Cennox. “With a range of leading customers, the acquisition of Bancsource supports Cennox’s strategy to increase its banking and non-banking solutions, as well as the geographic coverage of its main customers and OEM partners. “
Nick cockett, COO of Cennox Group, also commented: “The acquisition of Bancsource by Cennox offers a major growth opportunity for both of our businesses through an extensive service offering for our customers. As our customers continue to transition to a technology-based architecture, we will be in the best position to accompany them on this journey. “
The expanded business will serve more than 700 financial and non-financial institutions, across the United States, and operate more than 100,000 ATMs, ITMs, BTMs, and smart safes.
Cennox is a solutions provider headquartered in Atlanta GA. Cennox has a strong focus on field maintenance, branding and facility management operations. Since its inception in 2006, the Cennox company has evolved to meet the unique demands of the dynamic and maturing market of customer technology interfacing. You can find more information about the products and services it offers on the company’s website: www.cennox.com.
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Marketing Director, Cennox