Cardtronics & NCR Business Combination Update

On Aug. 10, 2021, NCR Corporation (NYSE: NCR), a leading enterprise technology provider, announced it has received final approval to combine with Cardtronics from the Competition and Markets Authority (CMA) of the United Kingdom. The CMA approved the transaction without any conditions. All regulatory approvals and consents are now secured, and the transaction is complete. View the press release here.

August 10, 2021



Dear Valued Cardtronics Customer,

Today the Competition and Markets Authority of the United Kingdom has approved NCR’s previously completed acquisition of Cardtronics.

NCR and Cardtronics have operated as separate and independent entities while undergoing the CMA review process. With the CMA merger inquiry concluded and approval granted, NCR and Cardtronics can begin integrating and operating as a single, unified company.

Today marks the starting point of our shared journey with NCR. I am excited about this transformative combination and the significant benefits it will drive for you as we expand our service scope and scale and deliver more innovative products and solutions.

I want to reiterate that nothing changes for you in the near term. Our top priority will be to operate as usual while we work through integration. We aim to make the transition as seamless as possible, keeping you informed throughout the process and giving you plenty of notice as we make changes.

If you have any questions or concerns, please do not hesitate to reach out to your Cardtronics account manager. We will provide whatever assistance is necessary and timely responses to your inquiries.

As always, thank you for your continued business and confidence in our organization. We look forward to delivering even greater value for you in the future.

Best regards,
Edward H. West
CEO
Cardtronics

Customer and Supplier FAQs

1. What was the purpose of today’s announcement?

  • NCR has received final approval to combine with Cardtronics from the Competition and Markets Authority (CMA) of the United Kingdom.
  • You can find a copy of the press release at [Press Release].

2. Why does this transaction make sense?

  • We believe our two companies will be better together due to our greater:

          i. Solution and service portfolio

          ii. Geographic scope and scale

          iii. Investment in product innovation and operational excellence

          iv. Business capabilities and resources

          v. Partnership portfolio and options
  • Additionally, Cardtronics’ Allpoint network is highly complementary to NCR’s payments platform, enabling the combined company to seamlessly connect retail and bank customers while capitalizing on the banking industry’s transition toward infrastructure outsourcing and branch rationalization.

3. How will this change in ownership impact me?

  • We want to emphasize that nothing changes outside the ordinary course of business for you in the near term.
  • While we are very excited about the combination, our top priority will be to operate as usual until we begin integrating.
  • We aim to make the transition as seamless as possible, which means keeping you informed throughout the process and giving you plenty of notice as we make changes.
  • If you work with both NCR and Cardtronics, this means you may get separate communications until we begin the integration process.

4. Will my company contracts change?

  • We will honor all existing contract agreements per their terms and conditions.
  • There may be updates required to legal terms for administrative and reporting reasons. We will let you know about this ahead of time and do our best to minimize any inconvenience.

5. Will there be any staffing changes that might affect me?

  • There will be no immediate changes to your day-to-day contacts.

6. Whom do I call if I have a problem or concern?

  • If you have a specific problem or concern, please reach out to your usual contact.
  • We will update you as we have more information to share about integration.

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