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Brink's to Buy ATM Firm NCR Atleos in $6.6 Billion Infrastructure Bet
PYMNTS.com· 2026-02-27 00:23
Core Viewpoint - Brink's Company plans to acquire NCR Atleos in a cash and stock transaction valued at $6.6 billion, aiming to create a leading financial technology infrastructure company [1] Group 1: Acquisition Details - The companies have entered into a definitive agreement for the acquisition, expecting to close the transaction in the first quarter of 2027, subject to customary closing conditions [2] - The acquisition will combine Brink's global cash management expertise and route-based infrastructure with NCR Atleos' ATM management and services expertise, enhancing service offerings to financial institutions and retail customers [3][8] Group 2: Strategic Implications - Brink's President and CEO Mark Eubanks stated that the merger will provide critical scale and integrated capabilities to drive growth and improve service levels for their global customer base [7] - NCR Atleos President and CEO Tim Oliver emphasized that the combination will enhance offerings to financial institutions and retailers, creating more opportunities for employees [8] Group 3: Financial Performance - NCR Atleos reported a 4% year-over-year revenue increase in Q4 2025, reaching $44 million, with Core Revenue improving by 6%, attributed to growth in demand for ATMaaS and hardware [9] - Brink's presentation indicated that the combined company will have approximately $10 billion in total revenue, with expected annual run-rate cost synergies of $200 million [10]
Brink's to Acquire NCR Atleos for $6.6 Billion, Creating Leading Financial Technology Infrastructure Company
Globenewswire· 2026-02-26 21:06
Cash and stock transaction combines two complementary trusted and globally recognized financial technology infrastructure providers to better serve banking and retail customers Positioned to accelerate Brink’s growth in high-margin AMS and DRS businesses by expanding into large, under-penetrated addressable markets Expected to deliver at least 35% accretion to EPS, while generating strong cash flow with an estimated $200 million in annual run-rate cost synergies RICHMOND, Va. and ATLANTA, Feb. 26, 2026 (GLO ...