Diebold and Wincor Nixdorf to combine

Lindsay James
Lindsay James
By Lindsay James on 25 November 2015
Diebold and Wincor Nixdorf to combine

Technology providers Diebold and Wincor Nixdorf have announced that they are to join forces. The combination brings together expertise in value-added services, branch automation and omnichannel experiences to create a new company focused on the entire value chain – consult, design, build and operate – to help financial institutions and retailers succeed in their business transformation journey.

“The rate of change we see in our industry is unprecedented, and by leveraging innovative solutions and talent from both organisations we will have the scale, strength and flexibility to help our customers through their own business transformation,” said Andy Mattes, Diebold’s president and CEO. “Our new company will be well positioned for growth in high-value services and software, particularly in the areas of managed services, branch automation, mobile and omnichannel solutions, across a broader customer base. This combination was made possible through the successes we have had and continue to create in the Diebold 2.0 transformation plan. We have a history of collaboration with Wincor Nixdorf, and our shared approach will help drive a successful integration and minimise disruption. I am very excited about the many opportunities we will create together.”

“The combination of Diebold and Wincor Nixdorf is an exciting opportunity for both companies to shape the future of banking and retail solutions,” adds Wincor Nixdorf’s CEO Eckard Heidloff. “Together, we can even better leverage the potential of a rapidly changing banking and retail market due to our strong combined research and development expertise. With our complementary geographic presence, we will be even closer to customers worldwide. Our common view of omnichannel software solutions will enable us to create a best-in-class customer experience to support banks and retailers to cope with challenges of digitalisation. Furthermore, we are convinced that our employees will benefit from being part of an even stronger, more global organisation that is well positioned for the age of digitalisation.”

The combined company’s collective capabilities and established global market presence will offer a broader range of services and solutions across its customer base. Growth in both the software and services segments is expected to be accelerated by the combined, expanded installed base of nearly one million ATMs worldwide to the benefit of the customers. The combined company’s strong service presence will also benefit Wincor Nixdorf’s retail business.

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