Transaction Network Services’ (TNS) has acquired Process Logistics, a specialist payment terminal logistics company, to broaden its offering to banks and retailers.
“The acquisition of Process Logistics is a key part of our growth strategy as we look to further develop our solutions portfolio and expand our customer base,” explains Ray Low, managing director, TNS (UK). “Banks, retailers and financial services providers are all looking for ways to add value to their customer proposition whilst keeping tight control of their operational costs. Improving connectivity between branches and partner organisations, and outsourcing non-key business processes to third parties will help them achieve these goals,” adds Low.
David Salter, managing director of Process Logistics, will join TNS with other members of his team and will report to TNS’ Business Development Director Alan Stephenson Brown.