NCR Strategic Business Restructuring

NCR Corporation (NYSE: NCR), a leading enterprise technology provider, announced the filing of the Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) for the planned spin-off of its ATM business.

This Form 10 filing is a key milestone in NCR’s plan to separate into two independent, publicly traded companies – one focused on digital commerce, the other on ATMs – expected in the fourth quarter of 2023.

NCR strategy will sustain NCR’s market leadership and will focus on 2 separate businesses i.e. ATM and Digital Commerce.

The ATM Company will build on NCR’s leadership in self-service banking and ATM networks to meet global demand for ATM access and leverage new ATM transaction types, including digital currency solutions, to drive market growth. The company will drive stable cash flow and capital returns to shareholders.

“NCR's Q1 2023 financial results demonstrated the strength of our business, reinforced by our ability to deliver continued performance in parallel with separation activities,” said NCR CEO Michael D. Hayford. “Our ATM and digital commerce businesses will enter the transaction with strong operational performance and strategic momentum. I remain confident that the separation will enhance the future of both companies and liberate shareholder value.”

NCR Corporation (NYSE: NCR) is a leader in transforming, connecting and running technology platforms for self-directed banking, stores and restaurants. NCR is headquartered in Atlanta, Georgia, with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.  

BIRGER. will remain the only authorised partner of NCR in Comoros, Madagascar, Mauritius and Seychelles, as it has been the case since 1953. We shall keep you informed on this strategic business restructuring. 

For more information on the topic and our Technology Solutions & Services, please contact us by mail technology@birger.technology.

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BIRGER.