Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  NCR Corporation    NCR

NCR CORPORATION

(NCR)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

NCR : buys minority interest in Brazilian manufacturing company

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/12/2019 | 05:11am EDT

In an effort to broaden its services to financial customers in Brazil, NCR Corporation has penned an agreement to buy the minority interest in NCR Manaus, the company's Brazilian manufacturing and engineering entity owned by Banco Bradesco, according to a company press release. 

Financial details of the deal were not disclosed, but NCR will continue to work with Bradesco to provide ATM solutions.

"We are pleased to continue our partnership with our valued customer Banco Bradesco," NCR President and CEO Michael D. Hayford said in the release. "At the same time, we look forward to applying our manufacturing and engineering operations in Manaus to more broadly serve our financial customers in Brazil and build on our 83 years of experience in the country."

The buyout complements NCR 's efforts to strengthen its footprint in Brazil. It opened its manufacturing facility in 2009, in Manaus in response to the need for local sourcing and to better serve its customers in Brazil.

"Other than the change of equity ownership that occurs with this transaction, we do not anticipate there will be any other significant changes in the way we continue to work together going forward," said Mauricio Minas, board member of Bradesco. 

In the past two decades, NCR has acquired more than 20 companies.

Copyright © 2019 Networld Media. All rights reserved., source Industry News

Stocks mentioned in the article
ChangeLast1st jan.
BANCO BRADESCO 0.86% 36.35 End-of-day quote.11.90%
NCR CORPORATION 0.84% 31.33 Delayed Quote.34.62%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NCR CORPORATION
06/16TARGET : Stores Hit by Technical Snafus -- 2d Update
DJ
06/12NCR : buys minority interest in Brazilian manufacturing company
AQ
06/10NCR : Announces Definitive Agreement to buy Minority Interest Banco Bradesco Hol..
BU
06/10NCR : to Present at RBC Capital Markets Financial Technology Conference
BU
06/06NCR : acquiring Oki assets in Brazil
AQ
06/06NCR : and OKI Announce Definitive Acquisition Agreement for Key Assets in Brazil
BU
05/30NCR CORP : Regulation FD Disclosure (form 8-K)
AQ
05/22NCR : Sale rumors boost NCR share price
AQ
05/16NCR : Digital Banking Transforms Customer Experience for SAFE Credit Union
BU
05/09NCR : A big boost from ATM sales gets NCR 'off to a good start' in Q1
AQ
More news
Financials ($)
Sales 2019 6 514 M
EBIT 2019 758 M
Net income 2019 335 M
Debt 2019 3 022 M
Yield 2019 -
P/E ratio 2019 19,01
P/E ratio 2020 14,83
EV / Sales 2019 1,05x
EV / Sales 2020 0,98x
Capitalization 3 812 M
Chart NCR CORPORATION
Duration : Period :
NCR Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NCR CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 35,3 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Michael Dale Hayford President, Chief Executive Officer & Director
Frank R. Martire Executive Chairman
Owen J. Sullivan Chief Operating Officer
Andre John Fernandez Chief Financial Officer & Executive Vice President
William T. VanCuren Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
NCR CORPORATION34.62%3 655
TATA CONSULTANCY SERVICES18.90%121 590
ACCENTURE30.42%117 440
INTERNATIONAL BUSINESS MACHINES CORPORATION18.72%113 730
VMWARE, INC.21.69%69 364
AUTOMATIC DATA PROCESSING26.56%67 896