Police have executed a search warrant and arrested a man in relation to the aggravated robbery of an ATM in Kawerau earlier this week.

"The warrant was executed at a residential address in Kawerau this morning, and included a number of Police staff including the Armed Offenders Squad," says Detective Senior Sergeant Paul Wilson.

A 45-year-old man has been arrested and charged with aggravated robbery and is scheduled to appear in Whakatāne District Court on Monday.

The aggravated robbery of security staff refilling cash from a security truck at the ATM on Onlsow Street, Kawerau, was reported to police at about 8.45am on Tuesday September 6.

Detective Senior Sergeant Paul Wilson says the security staff were confronted by a man with a firearm, who stole a quantity of cash.

The alleged offender left in a maroon coloured Nissan Maxima.

The vehicle was found on Wednesday.

Enquiries into the incident remain ongoing and Police have not ruled-out further arrests and charges.

"We hope today's result provides assurance to the community that we are working hard to hold those who participate in unlawful behaviour to account," says Detective Senior Sergeant Paul Wilson.

Police continue to encourage anyone who has information regarding the incident to get in touch via 105 and quote file number 220906/5203.