NCR – Momentum Builds for Separation

NCR Corporation is the market leader in self-service banking and payment solutions, with a turnover of $7.83 billion in 2022, more than double that of its nearest rival, Diebold Nixdorf.

Last September, it announced that the Board had unanimously approved a plan to separate into two independent, publicly traded companies – one focused on digital commerce, the other on ATMs – in order to unlock value for shareholders.

On 26 June, it took a further step towards this goal by filing a Form 10 registration statement with the US Securities and Exchange Commission. This provides key information on the company’s business, strategy, summary of solutions and historical financial results, and is an important milestone in the separation plan, which is on target for completion by the end of 2023.