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NCR is looking to buy Cardtronics, in a deal that takes place amid recent news that Apollo Global and Hudson Executive Capital, private equity firms, were also gunning for Cardtronics. The PE firms would reportedly pony up $35 a share, and the NCR proposal would offer $39 per Cardtronics share, which would be equivalent to about $1.7b.
Earlier this month, Doug Brown, senior vice president and general manager of digital banking at NCR, told Karen Webster that in looking at general strategy (the interview was conducted before NCR's Cardtronics bid was announced), that amid the pandemic, “the three verticals that we service at NCR today — banking, restaurants and retail — I think had the common bond that was all about, ‘how do you simplify operations and the customer experience?’” Brown said. “So we led with technology.” Banks, he noted, are increasingly having to embrace a digital-first experience.
