Brink’s to Buy ATM Firm NCR Atleos in $6.6 Billion Infrastructure Bet

The Brink’s Company plans to acquire NCR Atleos in a cash and stock transaction valued at $6.6 billion, creating a “leading financial technology infrastructure company,” the firms said in a Thursday (Feb. 26) press release.

The companies have entered into a definitive agreement on the acquisition, and they expect the transactions to close in the first quarter of 2027, subject to customary closing conditions, according to the release.

The planned acquisition will bring together Brink’s global cash management expertise and route-based infrastructure, and NCR Atleos’ ATM management and services expertise, owned-and-operated ATM network and ATM-as-a-Service (ATMaaS) outsourcing solutions, the release said.

This combination will enable Brink’s to offer additional services to financial institutions and retail customers, per the release.

“By combining our organizations, we gain critical scale and complementary, integrated capabilities to drive our ambitious growth strategy and provide new levels of service to our global customer base,” Brink’s President and CEO Mark Eubanks said in the release.

NCR Atleos President and CEO Tim Oliver said in the release: “Combining the complementary service-led businesses of Brink’s and NCR Atleos will enable us to enhance offerings to financial institutions and retailers, and create more opportunities for our employees.”

NCR Atleos is one of the two independent, publicly traded companies created in October 2023 during the division of technology services company NCR. While NCR Atleos focused on ATMs, the other company formed in the split, NCR Voyix, focused on digital commerce.

In another press release issued Thursday, NCR Atleos reported that in the fourth quarter of 2025, it saw its revenue increase 4% year over year to reach $44 million. Its Core Revenue, which excludes business with NCR Voyix, improved by 6%. The company attributed its gains to growth in demand for ATMaaS and hardware.

Brink’s released a presentation about the planned acquisition Thursday, saying the combined company will have about $10 billion in total revenue, expanded recurring subscription-based revenue, a fully integrated offering, an expanded addressable market, and expected annual run-rate cost synergies of $200 million.

It was reported in October 2023, days before NCR split into two companies, that Brink’s was in talks with NCR to merge with the company’s ATM business. Brink’s denied the report in a press release.