WASHINGTON (dpa-AFX) - NCR Corp. (NCR) said that its board has approved a plan to separate the company into two independent, publicly traded companies - one focused on digital commerce, the other on ATMs. The separation is targeted for the end of 2023.
According to NCR, the digital commerce company will be a growth business positioned to leverage NCR's software-led model to continue transforming, connecting and running global retail, hospitality and digital banking.
The ATM company will be a cash-generative business positioned to focus on delivering ATM as a Service to a large, installed customer base across banks and retailers.
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