Brink's to Acquire NCR Atleos in $6.6 Billion Cash-and-Stock Deal

Overview

• Each NCR Atleos share will be exchanged for $30.00 in cash plus 0.1574 Brink's shares, implying about $50.40 per share based on Brink's prior close.
• Brink's secured $4.5 billion in committed bridge financing from Morgan Stanley and will assume roughly $2.6 billion of NCR Atleos debt.
• The boards of both companies unanimously approved the agreement, with closing targeted for the first quarter of 2027 pending regulatory and shareholder approvals.
• The companies cite a combined footprint that includes NCR Atleos’ approximately 78,000 owned-and-operated ATMs within a global installed base of about 600,000 units.
• Management forecasts at least 35% EPS accretion and about $200 million in annual run-rate cost synergies within three years, with Brink's holders expected to own ~78% of the combined company and NCR Atleos holders ~22%.