US-based cash management firm The Brink’s Company has signed a deal to acquire Allied Irish Bank’s (AIB) ATM network.

The financial details of the transaction have not been made public.

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AIB operates mainly in Ireland and the UK and provides a suite of services to retail, business and corporate customers.

Under the terms of the deal, AIB will sell over 500 non-branch ATMs. This deal covers AIB’s remote (non-branch) ATM estate.

Point Cash by Brink’s provides a suite of ATM management services, including predictive cash management software and round-the-clock call centre support.

AIB will continue to own and manage about 200 branch ATMs, and 430 cash and cheque lodgement devices.

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A spokesman for the bank said: “AIB remains committed to serving its customers through a wide variety of options.

“As well as continuing to offer all existing services through our branch ATM network, customers will be able to bank in-branch, via our app, online and by phone.”

The Brink’s Company is a cash management firm, route-based secure logistics and payment solutions provider operating in 42 countries.

Brink’s president and CEO Doug Pertz said: “Expanding our offerings to include full-service management of ATM networks aligns with our strategic goals.

“Our priority is to maintain the existing ATM estate and expand access to cash, particularly in underserved and rural communities.

“Most importantly, cardholders with bank accounts in the Republic of Ireland will receive the same level of service without incurring any additional fees or charges when using our ATMs.”