Recent Updates — BCO
The UK Competition and Markets Authority has accepted in principle The Brink’s Company’s proposed remedy to address regulatory concerns regarding its pending acquisition of NCR Atleos. To avoid a Phase 2 investigation, Brink’s plans to divest NoteMachine/TestLink UK, with the sale process currently progressing among prospective buyers. This development keeps the transaction on track for closing early in the first quarter of 2027 and preserves the expected $200 million in annual run-rate cost synergies. The Brink’s Company is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services.
The Brink's Company announced that the UK Competition and Markets Authority issued a Phase 1 decision requiring the divestiture of its NoteMachine/TestLink UK business to approve the acquisition of NCR Atleos. The company agreed to propose this divestiture, noting that prospective buyers have expressed strong preliminary interest. This remedy was anticipated in prior financial metrics and does not impact the expected $200 million in annual run-rate cost synergies achievable within three years of closing. The acquisition remains on track to close early in the first quarter of 2027. The Brink's Company is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services.
The Brink’s Company reported second-quarter 2026 results with GAAP revenue of $1,392 million, a 7% increase year-over-year. Non-GAAP EPS rose 18% to $2.13, while Adjusted EBITDA grew 11% to $257 million. The company highlighted strong performance in its ATM managed services and digital retail solutions segments, which saw mid-teens organic growth for the 14th consecutive quarter. Management provided Q3 2026 guidance of $1,365–$1,415 million in revenue and non-GAAP EPS of $2.23–$2.63. Additionally, Brinks announced an accelerated timeline to close its acquisition of NCR Atleos, now expected in early Q1 2027 following regulatory clearances in the U.S., Brazil, and India. The company operates as a global provider of cash and valuables management, digital retail solutions, and ATM managed services.
The Brink's Company anticipates an accounting change regarding its Malaysia Business, which will result in the investment being accounted for under a method other than consolidation. This change is expected to reduce reported revenue by approximately $100 million and Adjusted EBITDA by approximately $10 million to $15 million over the next four quarters. The Brink's Company is a provider of secure logistics and secure transport services.
The Brink's Company shareholders approved the Brink's Share Issuance Proposal at a special meeting held on June 30, 2026, facilitating the company's merger with NCR Atleos Corporation. The proposal received 37,690,024 votes in favor, 18,697 votes against, and 26,874 votes abstaining. Brink's is a provider of security and cash management services.
The Brink's Company is voluntarily supplementing its joint proxy statement/prospectus regarding its proposed merger with NCR Atleos Corporation, following two shareholder lawsuits (Connolly v. NCR Atleos Corp. and Thompson v. NCR Atleos Corp.) and demand letters alleging disclosure deficiencies. The supplemental disclosures include updated financial advisor opinions from Morgan Stanley and J.P. Morgan, including detailed DCF and comparable company analyses. Special meetings for both companies are scheduled for June 30, 2026, to consider the merger proposals. Brink's operates in the secure logistics industry, providing cash management and secure transport services.