The UK’s Competition and Markets Authority has ordered Diebold Nixdorf to sell one of its customer-operated ATM businesses.
Last year, the CMA ran an in-depth investigation into the $1.8 billion Diebold/Wincor merger over concerns that the deal would substantially reduce competition in the UK ATM market, leaving only NCR as a credible competitor.
Now, the CMA says that if Diebold Nixdorf want the merger to be completed they must sell either Diebold’s or Wincor’s customer-operated ATMs business in the UK to a new owner, to be approved by the watchdog.
Diebold says that it is “actively pursuing” a sell off of the Diebold business with an unnamed potential buyer. Says a statement: “The company believes it can satisfy the CMA’s requirements and conclude this transaction as soon as practicable.”
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