NCR Corporation / Cardtronics plc merger inquiry

The CMA investigated and cleared the completed acquisition by NCR Corporation of Cardtronics plc.

• From: Competition and Markets Authority
• Published: 15 June 2021
• Last updated: 10 September 2021 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Financial services
• Outcome: Mergers - phase 1 clearance
• Opened: 15 June 2021
• Closed: 10 September 2021

Statutory timetable

Phase 1	Action
10 September 2021	Decision published
10 August 2021	Decision announced
15 June 2021	Launch of merger enquiry
15 June 2021 to 29 June 2021	Invitation to comment

Phase 1

CMA clearance decision

10 August 2021: The CMA has cleared the completed acquisition by NCR Corporation of Cardtronics plc.

• Full text decision (10.9.21)

Initial enforcement order

On 15 June 2021, the CMA served an initial enforcement order (IEO) under section 72(2) of the Enterprise Act 2002 on NCR Corporation, NCR UK Group Limited and Cardtronics plc in relation to the acquisition by NCR Corporation of Cardtronics plc. The IEO commenced on 21 June 2021, the day the parties completed the transaction.

• Initial enforcement order (22.6.21)

Amendments / consents granted:

• Derogation 28 July 2021 (6.8.21)
• Derogation 19 July 2021 (6.8.21)
• Derogation 29 June 2021 (6.7.21)
• Derogation 18 June 2021 (28.6.21)
• Derogation 18 June 2021 (28.6.21)
• Derogation 17 June 2021 (28.6.21)

Launch of merger inquiry

15 June 2021: The CMA announced the launch of its merger inquiry by notice to the Parties.

• Commencement notice (15.6.21)

Invitation to comment closed: 29 June 2021

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.  

These comments should be provided by the deadline set out above. 

Contact

Please send written representations about any competition or public interest to [email protected].

Published 15 June 2021
Last updated 10 September 2021 + show all updates

1. 10 September 2021

   Full text decision published.

2. 10 August 2021

   Clearance decision announced.

3. 6 August 2021

   Derogations published.

4. 6 July 2021

   Derogation published.

5. 28 June 2021

   Derogations published.

6. 22 June 2021

   Initial enforcement order published.

7. 15 June 2021

   First published.