Company agrees to sell legacy Diebold U.K. and Ireland business to Cennox, meeting regulatory
conditions and concluding final antitrust element of Diebold Nixdorf combination
LONDON, June 29, 2017 /PRNewswire/ -- Diebold
Nixdorf, Incorporated (NYSE:DBD), a world leader in enabling
connected commerce for millions of consumers across the financial
and retail industries, today announced it is launching its fully
integrated brand and direct presence in the U.K. and Ireland.
The company has agreed to sell its legacy Diebold business in
the United Kingdom to Cennox
Group, fulfilling the requirements previously set forth by the U.K.
Competition and Markets Authority (CMA). The acquisition by Cennox
is expected to close June 30. Upon
closing, the legacy, independent Wincor Nixdorf U.K. and
Ireland business will be
completely integrated into the global Diebold Nixdorf operations and brand. This
includes the company's retail business, which was not subject to
CMA review.
"Our team in the U.K. and Ireland, totaling 900 people strong, looks
forward to broadening relationships and providing innovation for
our customers -- enabling an 'always on' experience for consumers
and shaping the future of connected commerce," said Andy W. Mattes, president and chief executive
officer, Diebold Nixdorf. "We are
very pleased to put this final antitrust requirement of our
business combination behind us -- and excited to fully move forward
in the U.K. and Ireland as
Diebold Nixdorf."
Based in Surrey, U.K., Cennox
is a global provider of banking services and the U.K.'s largest
independent ATM service business. Cennox provides various
self-service-related solutions and support services, patented
security products and branch transformation capabilities, primarily
to the financial industry but also retail and commercial
industries. Under the sale agreement, all staff from the legacy
Diebold operation serving U.K. customers, totaling 67 employees,
will become part of Cennox. The acquisition will allow Cennox
to exclusively sell legacy Diebold hardware, services and
Phoenix software in the U.K. and
Ireland. Financial terms were not disclosed.
Earlier this year, the CMA published its official findings in
connection with the business combination of Diebold, Incorporated
and Wincor Nixdorf AG, and concluded that a structural remedy was
required to ensure effective competition in the U.K. Diebold and
Wincor Nixdorf brands and operations had remained separate and
distinct while awaiting CMA review.
About Cennox
Cennox is an industry leader, offering a
wide range of solutions to the world's leading banks, retail and
commercial institutions. Cennox deliver the best-in-class solutions
that give a distinct competitive advantage in the marketplace.
Globally recognised, Cennox is an industry pioneer with operations
on six continents and central offices in the United Kingdom and United States, employing over 600 staff.
Cennox has been ranked in the Sunday Times FAST TRACK 200,
detailing the top 200 fastest growing UK Businesses for
International sales for 2 years running. In addition, for the
past two years, Cennox has also been ranked in the top 100 of
fastest Growing UK Businesses on the FAST TRACK 100 list sponsored
by Virgin.
About Diebold
Nixdorf
Diebold
Nixdorf, Incorporated (NYSE:DBD) is a world leader in
enabling connected commerce for millions of consumers each day
across the financial and retail industries. Its software-defined
solutions bridge the physical and digital worlds of cash and
consumer transactions conveniently, securely and efficiently. As an
innovation partner for nearly all of the world's top 100 financial
institutions and a majority of the top 25 global retailers,
Diebold Nixdorf delivers
unparalleled services and technology that are essential to evolve
in an 'always on' and changing consumer landscape.
Diebold Nixdorf has a presence in
more than 130 countries with approximately 24,000 employees
worldwide. The organization maintains corporate offices in
North Canton, Ohio, USA and
Paderborn, Germany. Shares are
traded on the New York and
Frankfurt Stock Exchanges under the symbol 'DBD'. Visit
www.DieboldNixdorf.com for more information.
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