The Brink’s Company and NCR Atleos have announced a definitive agreement for Brink’s to acquire NCR Atleos in a cash and stock transaction valued at approximately US$6.6 billion.

The deal includes 13.3 million shares of Brink’s common stock, US$2.2 billion in cash, and the assumption of around US$2.6 billion of NCR Atleos’ debt.

The acquisition combines Brink’s global cash management and route-based infrastructure with NCR Atleos’ ATM management expertise and its owned-and-operated ATM network, including its fast-growing ATM as a Service (ATMaaS) solutions.

The two companies aim to offer a broader range of services to financial institutions and retail customers by integrating their technology, products, and software.

“This acquisition further supports Brink’s ability to deliver enhanced customer solutions and accelerates our value creation strategy,”

said Mark Eubanks, President and Chief Executive Officer of Brink’s.

“By combining our organisations, we gain critical scale and complementary capabilities to drive our growth strategy and provide new levels of service to our global customer base.”

Tim Oliver, President and Chief Executive Officer of NCR Atleos, said,

“Combining our businesses with Brink’s will enhance offerings to financial institutions and retailers and create more opportunities for our employees. The transaction delivers significant value to NCR Atleos shareholders and enables their participation in the future success of the combined company.”

The combined company will serve financial institutions, governments, retailers, and independent ATM operators across more than 140 countries.

NCR Atleos’ network of approximately 78,000 ATMs in high-traffic retail locations, part of a total installed base of about 600,000 ATMs globally, will expand Brink’s retail footprint and provide opportunities to integrate its Digital Retail Solutions with existing ATM operations.

Featured image credit: Edited by Fintech News Switzerland, based on image by graphiccrew via Freepik