CMS Info Systems Limited has announced that its Board of Directors has approved the acquisition of key business assets from Financial Software and Systems Private Limited (FSS), strengthening its position in the banking and payments services sector.
The acquisition, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, includes all underlying operating assets related to FSS’s ATM Management Solutions business. Additionally, the transaction involves the novation of customer contracts, ensuring seamless continuity of services and client relationships.
The total purchase consideration for the deal is up to ₹115 crore.
FSS is a prominent fintech player offering payment processing and ATM management services. With this acquisition, CMS Info Systems aims to enhance its ATM outsourcing and managed services portfolio while expanding its reach across banking clients in India.
This development represents a strategic step in scaling its digital banking infrastructure and ATM management capabilities.