Click here to
Industries > News > 
 
 


Items : 0
Total : $0.00
NH to acquire Triton Systems

Nautilus Hyosung Inc., a self-service solution provider of ATMs, has signed an agreement to
acquire Triton Systems of Delaware, Inc., a global ATM provider having its primary presence
in North America, from Dover Corporation. Nautilus Hyosung, based in Korea, is a global
manufacturer of complete ATM solutions, including hardware, software and services to the
entire ATM sector.

The transaction is expected to be closed during the third quarter of 2008, pending regulatory
approval. Terms of the deal were not disclosed.

“Triton offers an ideal fit with Nautilus Hyosung as we expand our global footprint not only in
the US but worldwide,” said P.K. Ryou, CEO and President of Nautilus Hyosung. “We look
forward to adding Triton’s strong brand and service chains with Nautilus Hyosung’s expertise
in ATMs to provide our customers with the most comprehensive ATM offering in the marketplace,
and furthering our leverage for growth into the banking sector,” said Ryou.
Bill Johnson, CEO of Triton also added, “We are very excited about Triton’s future with
Nautilus Hyosung. We believe the complementary cultures of innovation and customer service
will provide a strong platform for growth to compete effectively in the ATM marketplace as
well as benefit customers both domestically and globally.”

Hyosung Corporation, the parent company of Nautilus Hyosung, is a $7 billion annualized
revenue company based in Seoul, Korea, diversified in heavy industries, chemicals, textile
and information technology industries. Hyosung Corporation is listed on the Korea Exchange

(KRX) under ticker number 004800.