Mumbai: Mumbai-based CMS Info Systems has acquired Securitrans India from APS Group in a deal valued between 200-250 crore. CMS Info Systems is an IT and outsourced business services provider with extensive reach across India and its 57 percent share has been acquired by Blackstone.

Securitrans India is a cash-management services company in India. It is a part of the 20-year old APS Group having interest in guarding services, CIT services, distribution and installation of security systems, records management and management support services. The company serves all leading companies in the financial sector. It provides a range of services such as ATM management, cash-in-transit, high-value cargo movement, security couriers, dedicated cash vans, and other services. Its clientele includes Citi, Standard Chartered Bank, American Express, Deutsche, HDFC Bank, Canara Bank, and many others.

The acquisition has made the combined entity a market leader managing over 25 percent of ATMs in India. Also, CMS has acquired nearly 55 percent of the cash management market with this deal. The company offers a wide range of services across the value chain, focusing on Retail Banks, Insurance, Te4lecom, Retail, PSU and Government segments. The offerings span application services, systems integrated, IT infrastructure management, IT training businesses with market leadership in outsourced cash logistics, transaction printing, card personalization and self-service solutions businesses.