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Co-operative Group completes sale of Sunwin

The Co-operative Group has completed a deal to sell its Sunwin Services Group business to Cardtronics for a total consideration of up to £41.5 million.

GENERAL MERCHANDISE

Co-operative Group completes sale of Sunwin

The Co-operative Group has completed a deal to sell its Sunwin Services Group business to Cardtronics for a total consideration of up to £41.5 million.

The Sunwin Services Group’s offering includes cash and valuables in transit, ATM support and Sunwin managed security.

All 1,500 Sunwin Services Group staff  will transfer under TUPE regulations to Cardtronics which will also take on the head office in Bradford and 14 regional depots.

The group has also entered into a commercial contract with Cardtronics for the operation of the ATM estate within The Co-operative Food stores.

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