CMS Info Systems to Acquire FSS Managed Services Business for ₹115 Crore, Expands ATM Portfolio
Deal Strengthens Presence in End-to-End ATM Management
Mumbai, March 29CMS Info Systems on Sunday announced the acquisition of Financial Software and Systems' managed services business for ₹115 crore, marking a strategic move to strengthen its position in the end-to-end ATM management space.
The transaction includes the transfer of operating assets along with the novation of customer contracts. The deal is expected to be completed in the first quarter of FY27, the company said in a statement.
8,000 ATMs Added to Management Portfolio
Following the acquisition, CMS will add approximately 8,000 automated teller machines to its management solutions portfolio, increasing the total to 39,000 ATMs. The company operates in this segment as a technology provider and operations partner for banks.The deal will also bring new relationships with private sector banks, further expanding CMS’ client base.
Industry Consolidation Driving Strategic Expansion
Commenting on the development, Executive Vice Chairman and Chief Executive Officer Rajiv Kaul said the managed services industry is undergoing consolidation, with banks increasingly preferring to work with fewer and larger partners.He noted that onboarding FSS’ clients aligns with CMS’ strategy to deepen existing relationships and expand service offerings across its full suite.
Acquisition Aligned With Growth Strategy
The company had earlier identified consolidation in the ATM management space through acquisitions as a key strategic priority in September 2025.CMS stated that its existing infrastructure and operational scale provide a strong foundation for integration, enabling efficiencies as FSS’ managed services operations are absorbed into its platform.
Cash Logistics Business Remains Core Revenue Driver
Apart from its management solutions segment, CMS continues to operate 68,000 ATMs under its cash logistics business, which remains a primary contributor to its revenues.The acquisition is expected to enhance CMS’ integrated service capabilities while supporting its long-term growth strategy in the ATM ecosystem.
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