Euronet signs agreement with Swedbank to acquire ATM assets in Baltic countries

Euronet (EEFT) announced an agreement with Swedbank to acquire the bank’s ATM assets and provide ATM outsourcing services in Lithuania, Estonia and Latvia. Under the agreement, Euronet will acquire the bank’s in-branch and off-branch ATM assets in the three Baltic countries while ensuring migration to Euronet’s Ren payments processing platform and integration with the bank’s existing systems. The Swedbank ATM network has 1,141 ATMs and includes cash withdrawal and cash deposit/recycling ATMs. The migration will start in the fall of 2025. Euronet will maintain Swedbank’s ATM branding elements and signage with the bank’s brand remaining visible throughout the acquired ATM network. In addition to maintaining the number of the bank’s ATMs, the acquired ATM network will be integrated into Euronet’s independent ATM network in the three countries, offering more touchpoints and services for the bank’s customers while ensuring full compliance with future regulatory requirements.