NCR to buy Cardtronics for approximately USD 1.7 bln

Monday 25 January 2021 13:55 CET | News

NCR has reportedly planned to buy Cardtronics after outbidding a pair of investment firms that had earlier agreed to buy the ATM operator, according to

NCR is finalising a takeover that would value Cardtronics at $39/share, or around USD 1.7 billion, according to people familiar with the matter. The investment firms — private-equity company Apollo Global Management and Hudson Executive Capital — declined to raise their prior offer of $35/share, paving the way for the impending deal.

Cardtronics, with 285,000 ATMs in 10 countries, is one of the largest cash-machine operators in the world. A deal would pair the company with US-based NCR, which makes ATMs as well as point-of-sale systems and self-service kiosks for businesses such as retailers and restaurants. Cardtronics had a market value of about USD 1.8 billion (as of 22 January 2021), while NCR’s was USD 4.3 billion.

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Keywords: NCR, Cardtronics, M&A, acquisition, investment, ATM, takeover, Apollo Global Management, Hudson Executive Capital, cash machine, POS, self-service kiosk
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech