Britain’s second largest grocer after Tesco said on Wednesday the ATM business, comprising 1,370 cash machines, has been sold to NoteMachine, which is owned by Brink’s and is one of the UK’s biggest ATM operators.
The deal, expected to complete in May 2025, will see all ATMs remaining open and in position at their existing sites, while Sainsbury’s and NoteMachine will share commission.
Financial details of the deal were not disclosed.
In February, Sainsbury’s said it was seeking a further 1 billion pounds ($1.34 billion) of operating cost savings over the next three years to fuel investment in its core food offer.
