Payments

Brink’s to acquire NCR Atleos

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February 26, 2026

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The Brink's Company has announced an agreement to acquire NCR Atleos in a transaction valued at $6.6 billion, including debt.

The acquisition aims to create a leading financial technology infrastructure company, significantly expanding Brink's global presence and service offerings, according to a press release.

Under the terms of the agreement, Brink's will acquire each outstanding share of NCR Atleos for $30.00 in cash and 0.1574 shares of Brink's common stock, which, based on Brink's closing share price on February 25, 2026 of $129.58, reflects an implied value of $50.40 per share of NCR Atleos. The implied $50.40 value of the per share merger consideration represents a premium of approximately 24% over NCR Atleos' closing share price on February 25, 2026, and a premium of 26% over NCR Atleos' 30-day volume weighted average price.

"This acquisition further supports Brink's ability to deliver enhanced customer solutions and accelerates our value creation strategy," Mark Eubanks, president and CEO of Brink's, said in the release. "NCR Atleos is a partner we know well, and our business cultures are closely aligned around customer success, continuous improvement, and managing the interface between physical to digital payments to enable ease of cash acceptance and use. 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 anticipates the acquisition will lead to substantial synergies, expecting a mid-teens percentage increase in adjusted earnings per share in the first full year post-closing, and a low 20% increase after two years. The combined entity is projected to have a pro forma revenue of $8.9 billion and an adjusted EBITDA of $1.7 billion for the fiscal year 2025.

The merger is expected to close in the first quarter of 2027. The acquisition will enhance Brink's capabilities in ATM services, cash management, and digital payment solutions, serving a broader customer base globally.

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NCR Atleos

NCR Atleos expands self-service financial access for retailers and financial institutions who leverage our expertise, operational scale, always-on global services and constant innovation to deliver convenient self-service banking.

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