NCR Corporation (NYSE: NCR), a global enterprise technology provider, has announced that it has closed its transaction with Cardtronics (NASDAQ: CATM).
“We are pleased to reach today’s milestone and to be one step closer to combining our two outstanding companies,” said Michael D. Hayford, President and Chief Executive Officer of NCR. “This combination will accelerate our NCR as a Service strategy and enhance our ability to provide technology solutions and capabilities that run our customers’ businesses.”
Cardtronics is now a wholly owned subsidiary of NCR. NCR can begin integration after regulatory approval from the Competition and Markets Authority of the United Kingdom.
On January 25, 2021, NCR and Cardtronics announced that they had entered into a definitive agreement under which NCR would acquire all outstanding shares of Cardtronics for $39.00 per share in an all-cash transaction with an enterprise value of approximately $2.5 billion, including debt. The transaction is expected to be accretive to NCR’s non-GAAP EPS in the first full year following the close of the transaction.