NCR To Separate Into Two Independent Companies

(RTTNews) - 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.