RICHMOND, Va. — Brink’s plans to acquire NCR Atleos, which provides ATMs to many credit unions, in a cash-and-stock deal valued at $6.6 billion, a transaction the companies said would create a larger financial technology infrastructure provider serving banks and retailers worldwide.
The companies have entered into a definitive agreement and expect the deal to close in the first quarter of 2027, subject to customary regulatory approvals and closing conditions, according to a Brink’s news release.
Brink’s said the acquisition would combine its global cash management and route-based logistics network with NCR Atleos’ ATM management services, owned-and-operated ATM network and ATM-as-a-Service outsourcing platform. The combined capabilities are expected to expand services offered to financial institutions and retail clients.
Critical Scale
“By combining our organizations, we gain critical scale and complementary, integrated capabilities to drive our ambitious growth strategy and provide new levels of service to our global customer base,” Brink’s President and CEO Mark Eubanks said in the release.
NCR Atleos President and CEO Tim Oliver said the merger of the two service-focused companies would enhance offerings to customers and create additional opportunities for employees.
NCR Atleos was formed in October 2023 when NCR Corp. separated into two publicly traded companies. NCR Atleos focuses on ATM and payments infrastructure, while NCR Voyix concentrates on digital commerce technology.
Brink’s said the combined company would generate roughly $10 billion in total revenue, expand recurring subscription-based income and is expected to deliver about $200 million in annual cost synergies once integration is complete.
