Post Office weighs bid for ATM operator in cashpoint expansion

The Post Office is weighing a bid for one of the UK’s largest independent ATM operators in a move that would expand its cashpoint empire, City AM can reveal. The group, which facilitates the largest branch-based access-to-cash network in the United Kingdom, is exploring a deal for Notemachine after it was put up for sale its by parent company, Brink’s, sources said. The Brink’s Company bought Notemachine in October 2022 for nearly $180m. The firm is one of the largest independent ATM providers in the UK, operating thousands of cash machines and supplying around 20 per cent of all cash dispensed across the country. A potential deal would complement the Post Office’s banking hub model, which seeks to replace closed bank branches. It would allow the group to move beyond its brick-and-mortar store fronts and rapidly deploy community banking offerings in rural and high-traffic areas. Over 30 banks and building societies pay a multi-million pound annual fee to the Post Office fo