{"id":77453,"date":"2016-12-20T11:01:07","date_gmt":"2016-12-20T11:01:07","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=289df5004fd00c8b9b13c3bc47cb485c"},"modified":"2016-12-20T11:01:07","modified_gmt":"2016-12-20T11:01:07","slug":"press-release-cma-finds-competition-concerns-with-cashpoint-merger","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=77453","title":{"rendered":"Press release: CMA finds competition concerns with cashpoint merger"},"content":{"rendered":"
\n

Diebold Incorporated (Diebold) is a US company and provider of financial self-service (FSS<\/abbr>) products including automatic teller machines (ATMs<\/abbr> – also referred to as cashpoints). Wincor Nixdorf (Wincor) is a German company which also provides FSS<\/abbr> products including ATMs<\/abbr>. Diebold acquired Wincor on 16 August 2016 with the new company renamed Diebold Nixdorf, Incorporated.<\/p>\n

A group of independent panel members at the Competition and Markets Authority (CMA<\/abbr>) has provisionally found<\/a> that the merger risks a substantial lessening of competition (SLC<\/abbr>) in the market for the supply of customer-operated ATMs<\/abbr> in the UK.<\/p>\n

The CMA<\/abbr> is concerned that the market for customer-operated ATMs<\/abbr> is highly concentrated, with only 3 significant suppliers: NCR, Wincor and Diebold. Evidence provided to the inquiry suggests that, outside of NCR, there is a weak competitive constraint on the merged companies. The group also found that any expansion of suppliers on the periphery of the market would be unlikely to occur within a time frame or on a sufficient scale to prevent the loss of competitive constraint arising from the merger. As a result, the merger may be expected to result in higher prices and\/or a loss of quality.<\/p>\n

The CMA<\/abbr> is today also issuing a notice of possible remedies<\/a> which outlines measures the CMA<\/abbr> could take if it still believes the merger may be expected to lead to an SLC<\/abbr> when it makes its final decision.<\/p>\n

Martin Cave, Inquiry Chair, said:<\/p>\n

\n

We looked carefully at the market forces influencing the supply of ATMs<\/abbr> in the UK. That NCR is the only other substantial UK supplier of ATMs<\/abbr> was a significant factor that underpinned the CMA<\/abbr>\u2019s investigation.<\/p>\n

It is important to protect against the risk of weakened competition in the supply of cashpoints which could lead to reduced quality and increased prices.<\/p>\n

The group is now inviting responses to its provisional findings and remedies notice, and will continue to assess all the evidence before it makes its final decision.<\/p>\n<\/blockquote>\n

All information relating to this merger investigation can be found on the case page<\/a>. Anyone wishing to respond to the notice of possible remedies should do so by no later than 10 January 2017.<\/p>\n

Anyone wishing to respond to the provisional findings should do so in writing, by no later than 10 January 2017.<\/p>\n

Please email diebold.wincor@cma.gsi.gov.uk<\/a> or write to:<\/p>\n

\n
\n

Project Manager
\n
Diebold\/Wincor merger inquiry
\n
Competition and Markets Authority
\n
Victoria House
\n
Southampton Row
\n
London
\n
WC1B 4AD
\n\n<\/p>\n<\/div>\n<\/div>\n

Notes for Editors<\/h3>\n
    \n
  1. The CMA<\/abbr> is the UK\u2019s primary competition and consumer authority. It is an independent non-ministerial government department with responsibility for carrying out investigations into mergers, markets and the regulated industries and enforcing competition and consumer law.<\/li>\n
  2. The summary of provisional findings can be found on the case page<\/a>. The full report will be published shortly.<\/li>\n
  3. \nATMs<\/abbr> are machines that dispense cash and may also offer facilities such as cash\/cheque deposit, transaction enquiries and statements etc.<\/li>\n
  4. The CMA<\/abbr> referred the case for in-depth investigation<\/a> on 30 August 2016.<\/li>\n
  5. The members of the inquiry group are: Martin Cave<\/a> (Inquiry Chair), Bob Spedding<\/a>, Roger Finbow<\/a> and Sarah Chambers<\/a>.<\/li>\n
  6. All the CMA<\/abbr>\u2019s functions in phase 2 merger inquiries are performed by independent inquiry groups chosen from the CMA<\/abbr>\u2019s panel members. The appointed inquiry group are the decision-makers on phase 2 inquiries.<\/li>\n
  7. The CMA<\/abbr>\u2019s panel members come from a variety of backgrounds, including economics, law, accountancy and\/or business; the membership of an inquiry group usually reflects a mix of expertise and experience.<\/li>\n
  8. For more information on the CMA<\/abbr> see our homepage<\/a> or follow us on Twitter @CMAgovuk<\/a>, Flickr<\/a>, LinkedIn<\/a>, and like our Facebook<\/a> page. Sign up to our email alerts<\/a> to receive updates on mergers cases.<\/li>\n
  9. Media enquiries should be directed to Neil Kernohan (neil.kernohan@cma.gsi.gov.uk<\/a>, 020 3738 6170).<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    The CMA has provisionally found that Diebold\u2019s acquisition of Wincor may reduce competition in the supply of customer-operated cashpoints in the UK.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/77453"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77453"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/77453\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}