On 19 August the Competition and Markets Authority (CMA) said it would refer the merger for an in-depth investigation unless Diebold offered acceptable undertakings to address the CMA’s competition concerns about the supply of customer-operated ATMs in the UK.
The CMA gave Diebold until 26 August to offer proposals to address the CMA’s concerns in lieu of a reference. As Diebold has not offered satisfactory undertakings, the CMA will therefore now refer the merger.
A decision on the merger will be made by a group of independent panel members supported by a case team of CMA staff. The deadline for the final report is 13 February 2017.
All information relating to the investigation will be available on the case page in due course.