CCI clears cash logistics provider Brink’s acquisition of NCR Atleos

New Delhi: The Competition Commission of India (CCI) on Wednesday said it has approved the acquisition of NCR Atleos Corporation by global cash management and logistics service provider Brink's Company.

“Post completion, the target (NCR Atleos ) shall be wholly owned and controlled by the acquirer,” the regulator said in a statement.

In February, Brink’s Company had announced its acquisition of NCR Atleos in a cash-and-stock deal valued at about $6.6 billion, including debt.


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Both Brink’s and NCR Atleos are listed on the New York Stock Exchange. Brink’s provides cash and valuables management, digital retail solutions and ATM managed services in over 100 countries. In India, it mainly provides cash replenishment services and ancillary first-line maintenance service through its subsidiary Brink's India.

NCR Atleos is a financial technology company providing self-directed banking solutions globally, the regulator said. In India, its activities mainly comprise manufacture and supply of ATM hardware (including through its Chennai manufacturing facility), development and licensing of ATM software and ATM management and maintenance services.

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The transaction, NCR Atleos had earlier said, would combine two major global financial technology infrastructure providers, joining Brink's global cash management expertise and route-based infrastructure with NCR Atleos’ end-to-end ATM management and services expertise as well as its owned-and-operated ATM network.