Following stagnation comes consolidation....who knows what the role of ATMs will be in 10 years from now? May be gone, may be multifunctional, who knwos?
Today U.S. ATM maker Diebold in an official press release announced to be in discussions to buy Wincor Nixdorf AG in a deal that would value the German company at more than $1.9 billion. Diebold is offering $59.58 per share in cash and stock. This news underscores shift in ATM business landscape. Wincor Nixdorf is one of the three leading suppliers worldwide and number one in Europe in programmable ePOS systems, as measured by dispatch volumes. Even while being the largest ATM maker in Europe, the company has a negative financial performance. The latest 9-month interim report on financial performance of Wincor Nixdorf as of October 1st, 2015 demonstrated that the company experiences losses on its main accounts.