Brink’s plans NoteMachine/TestLink UK divestiture to address CMA concerns on NCR Atleos deal
BCO•Brink’s will propose divesting its NoteMachine/TestLink UK unit to address UK CMA concerns about its NCR Atleos deal. The expected $200 million in annual run-rate cost synergies and early first-quarter 2027 closing target remain unchanged.
1. Proposed UK divestiture
Brink’s will propose divesting its NoteMachine/TestLink UK unit to address concerns raised by the UK Competition and Markets Authority in its Phase 1 review of the NCR Atleos deal. The CMA used a fast-track process, reflecting overlap between NoteMachine/TestLink and NCR Atleos’ Cardtronics business in the UK.
2. Deal expectations unchanged
Brink’s said expected annual run-rate cost synergies of $200 million within three years remain unchanged, with the divestiture already factored into its metrics. The acquisition is still expected to close early in the first quarter of 2027.
