The ATM fleet aggregated by Customers Limited over the last eleven years will change hands for a fourth time if an offer valued at A$173 million from Canadian firm DirectCash receives support from shareholders.Talk of a takeover bid for Customers has circulated for many months. Other interested parties, including Linfox Armagaurd and various private equity firms must have had their chance to present an offer to the board of Customers. The board has instead chosen to support a bid from a firm with a similar history and business model.The DirectCash offer is for $1.27 per share. The takeover is subject to a scheme of arrangement and thus requires a vote by more than 75 per cent of shareholders at a special meeting in order to succeed.Shares in Customers lifted by more than one third to $1.24 yesterday. This is the highest share price since May 2011 when the company surprised the market with a profit downgrade and in effect sealed the fate of the company's founder and CEO, Tim Wildash, who left the firm earlier this month.Jeffrey Smith, chief executive of DirectCash, said the firm's talks with Customers dated from around this time.Reported EBITDA at Customers for the December 2011 half was $17.4 million and the net profit $2.7 million.Asked on a conference call about opportunities for cost cuts at Customers Smith said this morning: "If you were to look at the long term cost of operations in the Canadian [business of DirectCash] that would give you a guide in that regard."DirectCash contend that ATM market in Australia is "relatively unsaturated" at 123 ATMs per 100,00 people, or two thirds the density in Canada. They also have plans to diversify the product range by building upon the Pinnacle pre-paid Visa card issued by Indue, which is the only product marketed by DirectCash in Australia at present.SMith described this little known product as "market leading" on this morning's conference call. This business is managed from Calgary and has no staff in Australia.The firm's Australian subsidiary, which has traded since 2009, reported revenue of A$1.3 million in the year to June 2011 and a profit of $170,000. DirectCash will fund the takeover and refinancing of the existing debt of Customer's with C$219 million of debt provided by a Canadian bank and C$50 million in equity.