The Competition and Markets Authority (CMA) is assessing proposals from The Brink's Company (Brink's) aimed at resolving competition concerns related to its acquisition of NCR Atleos Corporation (NCR). The proposals involve legally binding undertakings, including the sale of two of Brink's businesses.
Brink's and NCR collectively operate more than 50% of all cash machines, also known as ATMs, across the UK. The CMA's phase 1 investigation identified concerns that the deal could diminish competition in the operation and maintenance of ATMs, potentially leading to higher fees for consumers and fewer options for businesses providing ATMs.
To address these concerns, Brink's has offered to sell its UK-based NoteMachine business, which provides ATM and cash management solutions, and the UK business of TestLink, a supplier of ATM spare parts. The CMA will now seek third-party feedback and consider potential buyers for these businesses.
Elie Yoo, Senior Director of Mergers at the CMA, stated that protecting competition in cash machine services is vital. Both companies acknowledged the competition concerns early in the process.