UK CMA says Brink's $6.6 billion NCR Atleos deal may hurt competition

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3▲0 ▼2Impact / 5
Summary · why it matters

The UK's Competition and Markets Authority said Brink's planned purchase of NCR Atleos may substantially lessen competition in the UK markets, according to a statement from the regulator on Wednesday. The CMA has given the companies until next Wednesday to offer remedies that may be accepted by the regulator. A Brink's spokesperson said the Phase 1 decision was expected and reflects the local overlap between Brink's NoteMachine/TestLink UK business and NCR Atleos' Cardtronics business in the UK, adding that Brink's has engaged constructively with the CMA and had already decided to sell NoteMachine/TestLink U.K., which it believes will address the regulator's concerns. Brink's announced in February it would acquire NCR Atleos in a cash and stock deal valued at about $6.6 billion at the time. Shares of NCR Atleos ticked lower by 0.8% on Wednesday, while Brink's dropped 3%.

Impact on assets 2

Industrials▼ · 1 stocks
Brinks Company
BCO
▼ NegativeRegulationrelevance

UK CMA found Brink's $6.6B NCR Atleos acquisition may substantially lessen UK competition, requiring remedies.

Digital Finance & Tokenization▼ · 1 stocks
NCR Atleos Corporation
NATL
▼ NegativeRegulationrelevance

CMA's Phase 1 decision threatens the planned $6.6B acquisition of NCR Atleos by Brink's over UK competition concerns.

Off-coverage companies 3

CardtronicsPrivate▼ Negative
Regulationrelevance

Cardtronics is NCR Atleos' UK business whose overlap with Brink's NoteMachine/TestLink triggered the CMA competition concern.

NoteMachinePrivate± Mixed
Regulationrelevance

Brink's NoteMachine/TestLink UK business is the overlapping unit the CMA flagged and Brink's already decided to sell.

TestLinkPrivate± Mixed
Regulationrelevance

TestLink is part of Brink's UK business whose overlap with Cardtronics prompted the CMA's competition concerns.

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