January 3, 2017 - Assignment

Bankomat AB and BDB Bankernas Depå AB merge and will become one company

Bankomat AB (Bankomat) and BDB Bankernas Depå AB (BDB) merge and will become one company operating in two separate business areas; cash machines and cash depot operations. The union will formally be done by the merger of the companies where Bankomat AB will be the remaining company to accommodate both operations. The merger is expected to be completed during the spring of 2017. The businesses will move to the same address and carry on under the name Bankomat AB.

BDB and Bankomat are owned by Danske Bank A/S, Denmark, Sverige Filial, Nordea Bank AB (publ), Skandinaviska Enskilda Banken AB (publ), Svenska Handelsbanken AB (publ) and ATM Holding AB (Swedbank AB (publ) and Sparbankerna), each holding 20 per cent.

BDB Bankernas Depå AB is currently responsible for ten depots around the country. The company's main task is to optimise and streamline the cash flow in Sweden based on forecasts from its customers. At present BDB is the only depot owner in Sweden and the party managing the collection as well as the delivery of cash to the Swedish Central Bank, the Riksbank. Bankomat is the leading operator of cash machines in Sweden and manages the most extensive network of machines for cash withdrawal and cash deposit services.

Mannheimer Swartling advised Bankomat and has led the project in relation to the banks.