Brink’s proposes NoteMachine/TestLink UK divestiture in $6.6 billion NCR Atleos deal

  • Brink’s agreed to propose selling NoteMachine/TestLink UK after the CMA’s Phase 1 decision.
  • The divestiture would not change Brink’s expected $200 million annual run-rate cost synergies.
  • Brink’s said the NCR Atleos acquisition remains on track to close early in the first quarter of 2027.

Brink’s has agreed to propose the divestiture of its NoteMachine/TestLink UK business following the UK Competition and Markets Authority’s Phase 1 decision on its proposed $6.6 billion acquisition of NCR Atleos. The remedy addresses local overlap between NoteMachine/TestLink UK and NCR Atleos’ Cardtronics business in the UK. Brink’s said the proposed sale would not affect its expectation of achieving $200 million in annual run-rate cost synergies within three years of closing. The sale process is advancing, with several prospective buyers showing strong preliminary interest, and Brink’s said the acquisition remains on track to close early in the first quarter of 2027. The CMA had previously given the parties until October 7 to offer undertakings before a possible Phase 2 investigation.

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