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UK: Watchdog will probe ATM-maker $1.8b merger

 |  August 30, 2016

The UK’s competition watchdog has referred a merger between the world’s second and third largest makers of ATM cash machines for an in-depth investigation amid concerns it could lead to a “substantial lessening” of competition.

US-based Diebold struck a $1.8bn deal for Germany’s Wincor Nixdorf in November. The deal was approved by shareholders in March and has already been cleared by competition authorities in a number of other countries.

But the UK’s Competition and Markets Authority has objected because the situation in the UK “could differ from other countries” in relation to the number of other ATM providers in the market and potential barriers facing new entrants.

The CMA gave Diebold until August 26 to suggest potential solutions to its competition concerns.

Full Content: Financial Times

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