A PYMNTS Company

UK: Watchdog orders ATM business sold to save $2bn merger

By  |  March 16, 2017

The UK’s Competition and Markets Authority has ordered Diebold Nixdorf to sell one of its customer-operated ATM businesses.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Last year, the CMA ran an in-depth investigation into the $1.8 billion Diebold/Wincor merger over concerns that the deal would substantially reduce competition in the UK ATM market, leaving only NCR as a credible competitor.

    Now, the CMA says that if Diebold Nixdorf want the merger to be completed they must sell either Diebold’s or Wincor’s customer-operated ATMs business in the UK to a new owner, to be approved by the watchdog.

    Diebold says that it is “actively pursuing” a sell off of the Diebold business with an unnamed potential buyer. Says a statement: “The company believes it can satisfy the CMA’s requirements and conclude this transaction as soon as practicable.”

    Full Content: Cross Roads Today

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.