News

NCR's potential sale goes sour

June 18, 2019

ATM maker NCR Corporation's efforts to sell itself are not going well, according to the New York Post, which heard from anonymous sources close to the matter. 

In May, Bloomberg reported that NCR, which also makes barcodes scanners and self-checkout kiosks, was exploring a potential sale. The offer attracted two bidders — private equity firms Warburg Pincus and Apollo Global Management. However, negotiations fell through in recent weeks, and NCR has not seen any new offers, according to the sources.

This is the second time in five years the 135-year-old company put itself up for sale to no avail. In 2015, after talks with investment firm Thoma Bravo fell apart over price, private equity giant Blackstone Group invested $820 million into NCR. Blackstone got two board seats in connection with the investment.

Atlanta-based NCR has a market cap of $3.8 billion and controls 27% of the ATM market. The number of ATMs worldwide is set for a slow decline through 2024, according to consulting firm RBR.  

As of press time, NCR did not respond to ATM Marketplace's request for comment.