By Kelly Cloonan

Brink's Company plans to acquire NCR Atleos for about $4 billion in cash and stock, a deal that combines two major players in the ATM business.

The companies said Thursday the deal includes 13.3 million shares of Brink's common stock and $2.2 billion in cash, plus the assumption of about $2.6 billion of NCR Atleos' debt.

The deal would bring together two companies critical in getting cash into people's hands. Both companies operate a vast number of ATMs around the globe. Brink's is also known for securely transporting cash, as well as stocking it into ATMs through their ubiquitous Brink's trucks.

Brinks said the deal would boost its scale and geographic footprint, adding 78,000 owned-and-operated ATMs to its own network. Brinks fully operates 135,000 ATMs. Both companies also service a much broader footprint of cash-dispensing machines.

"By combining our organizations, we gain critical scale and complementary, integrated capabilities to drive our ambitious growth strategy," Brink's Chief Executive Mark Eubanks said.

Under the deal, Brink's will acquire each outstanding share of NCR Atleos for $30 in cash and about 0.16 shares of Brink's common stock. Upon closing, Brink's shareholders would own about 78% and NCR Atleos shareholders would own about 22% of the outstanding shares of Brink's common stock, the companies said.

The cash portion of the purchase price will be financed with cash as well as new debt raised. Brink's has obtained $4.5 billion in committed bridge financing from Morgan Stanley Senior Funding, the company said.

The transaction has been approved by the boards of both companies. It is expected to close in the first quarter of 2027.

Upon closing, one independent director from the NCR Atleos board will join Brink's board, the companies said.

Shares of NCR Atleos, which spun off from NCR Voyix as a separate company in 2023, gained 9.9% to $46 in after-hours trading. Shares of Brink's, meanwhile, fell 6% to $127.42.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

February 26, 2026 17:28 ET (22:28 GMT)

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