NCR Corporation (NYSE: NCR) confirmed that it has submitted an offer to acquire all outstanding shares of Cardtronics (NASDAQ: CATM) for $39.00 per share in cash.

Michael Hayford, President and Chief Executive Officer of NCR, stated, “The acquisition of Cardtronics will accelerate and expand the NCR-as-a-service strategy that we outlined at our Investor Day last month. Cardtronics’ debit network is highly complementary to NCR’s payments platform and will enable the combined company to seamlessly connect retail and bank customers while capitalizing on the banking industry’s transition toward infrastructure outsourcing.“