Diebold Completes $1.8B Merger With Wincor Nixdorf
The combined organization, Diebold Nixdorf, is aiming to become a dominant global player in service and financial services software.
The combined organization began operating as Diebold Nixdorf on Aug. 16.
GREEN, Ohio – Diebold, based here, has completed its $1.8 billion merger with Germany-based Wincor Nixdorf AG in a deal that makes Diebold the world’s largest manufacturer of automated teller machines while significantly expanding its presence in Europe.
The combined organization – with an increasing focus on service and financial services software beyond ATM manufacturing – began operating as Diebold Nixdorf on Tuesday (Aug. 16). Corporate headquarters will remain in Green, where the company hosted an unveiling for its new logo on Monday. The company’s stock will continue to trade on the New York Stock Exchange and the Frankfurt Stock Exchange in Germany under the symbol DBD.
“I am excited to announce the birth of Diebold Nixdorf, a global leader driving connected commerce with the expertise to handle the ‘always on’ needs of banking and retail consumers,” Andy W. Mattes, CEO of Diebold Nixdorf, said in a news release. “Over the past months, the integration planning teams have made great progress and are ready to hit the ground running.”
CHECK OUT ALL THE LATEST MERGERS & ACQUISITION NEWS
In the United Kingdom, the Diebold and Wincor Nixdorf brands and operations will remain distinct pending completion of a review of the transaction, the company said. Diebold Nixdorf has about 25,000 employees worldwide.
Diebold sold its North America-based electronic security business to Securitas for approximately $350 million in October 2015. At the time of the sale, the company said it would retain all its physical and consumer transaction security businesses related to its core financial market, including ATM security, anti-fraud card solutions, bank branch facility and drive-up systems, and related services.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
About the Author
Rodney Bosch, Senior Editor
Although Bosch’s name is quite familiar to those in the security industry, his previous experience has been in daily newspaper journalism. Prior to joining SECURITY SALES & INTEGRATION in 2006, he spent 15 years with the Los Angeles Times, where he performed a wide assortment of editorial responsibilities, including feature and metro department assignments as well as content producing for latimes.com. Bosch is a graduate of California State University, Fresno with a degree in Mass Communication & Journalism. In 2007, he successfully completed the National Burglar and Fire Alarm Association’s National Training School coursework to become a Certified Level I Alarm Technician.
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.
