30/11/2015 - 17:35

Stargroup doubles in size after quality acquisition

30/11/2015 - 17:35

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ASX listed ATM machine operator Stargroup, has officially doubled in size after completing a quality acquisition of a competitor’s 104 machine ATM network. The company says its annual revenues will more than double as a result of the acquisition from $2.4m to $5m and its annual transactions will move from around 1 million per year to 2 million per year. Importantly, Stargroup says it will now be cash flow positive as a result of the marriage with Cash Plus Australia Pty Ltd.

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