CMS Info Systems agreed on 29 March to acquire the ATM managed services business of Financial Software and Systems for up to Rs115 crore.
Why CMS Info Systems Limited is buying Financial Software and Systems' ATM managed services business
Chief executive Rajiv Kaul said the managed services industry was consolidating and CMS was positioned to be the platform of choice as banks looked to work with fewer, larger partners; the deal follows the M&A programme CMS set out at its September 2025 analyst day.
“The managed services industry is consolidating”
Deal terms and financing
The transaction is structured as a transfer of operating assets and novation of customer contracts rather than a share purchase.
Regulatory approvals and timing
Completion was expected in the first quarter of CMS's 2027 financial year, April to June 2026 (CMS media release, 29 March 2026).
Market context
CMS's ATM Management Solutions business generated about Rs1,300 crore of services revenue in FY25. Separately, CMS services about 68,000 machines through its currency logistics operations.
