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C.H. Robinson Announces Sale Of T-Chek Systems To EFS For $302.5 Million

T-Chek had annual payment services net revenues of $49.3 million and operating income of $24.6 million in 2011. T-Chek has been a subsidiary of C.H. Robinson since 1984.

T-Chek Systems, Inc.              
(in millions)
2011 2012
Q1 Q2 Q3 Q4 Q1 Q2 Q3
 
Net revenues $ 11.9 $ 12.4 $ 12.5 $ 12.5 $ 12.8 $ 13.4 $ 13.2
 

Income from operations

$ 6.0 $ 6.0 $ 6.2 $ 6.4 $ 5.7 $ 6.8 $ 6.9
 

Conference Call Information: C.H. Robinson Sale of T-Chek Systems Conference Call Tuesday, October 16, 2012; 6:00 pm Eastern Time Presentation slides and a simultaneous live audio webcast of the conference call may be accessed through the Investor Relations link on C.H. Robinson’s website at www.chrobinson.com To participate in the conference call by telephone, please call ten minutes early by dialing: 1-877-941-8609

Callers should reference the conference ID, which is 4570671

Webcast replay available through Investor Relations link at www.chrobinson.com Telephone audio replay available until 12:59 a.m. Eastern Time on October 19: 800-406-7325; passcode: 4570671#

About C.H. RobinsonFounded in 1905, C.H. Robinson is a global provider of multimodal transportation services and logistics solutions, serving over 37,000 customers through a network of 234 offices in North America, Europe, Asia, South America, and Australia. C.H. Robinson is one of the largest third-party logistics companies in the world, with annual total revenues of over $10 billion. For more information about our company, visit our Web site at www.chrobinson.com.

About EFSElectronic Funds Source, LLC ( www.efsllc.com) is the leading provider of innovative and intelligent customized payment solutions designed specifically to meet the dynamic and competitive transportation industry needs. Serving the industry for 30 years, EFS brings unparalleled service, customer-driven innovation, and the latest technologies to make the industry better. EFS provides payment solutions that are universally accepted at over 10,000 locations in North America. Its portfolio includes a suite of private-label cards; the latest in cardless technology solutions; alternative payments solutions; money transfer solutions; payroll distribution solutions; and intelligent, real-time analytics and notifications to help its customers better manage their businesses. Led by industry experts, EFS maintains its commitment to bettering the industry by developing new technology to deliver smarter payments. To serve customers most effectively, EFS has offices in Memphis, Tennessee; Nashville, Tennessee; and Ogden, Utah.

Copyright Business Wire 2010
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