Diebold completes acquisition of Wincor Nixdorf

Diebold Nixdorf began operations on 16 August.

The new powerhouse now has a market share of around 34%, making it the largest maker of ATMs in the world based on units sold.

U.S.-based ATM maker, Diebold, made an offer to acquire Germany-based Wincor Nixdorf for the amount of $1.8 billion in November 2015. The deal was finalised in March 2016 when Diebold gained shareholder approval. Early this week, Diebold announced that it has successfully completed the acquisition of Wincor Nixdorf through its voluntary takeover offer for all the company's ordinary shares.

According to a release by Diebold, under the terms of the takeover offer, Wincor Nixdorf shareholders received €38.98 in cash plus 0.434 Diebold common shares in exchange for each Wincor Nixdorf share. The total offer consideration consists of approximately €891.7 million in cash and 9,928,514 newly issued Diebold common shares. To the extent that Wincor Nixdorf shareholders are entitled to fractional shares, those fractional entitlements will be aggregated and sold in the market and the proceeds of such sale distributed pro rata no later than Aug. 29, 2016.

“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,” said Andy W. Mattes, chief executive officer, Diebold Nixdorf. “Over the past months, the integration planning teams have made great progress and are ready to hit the ground running. We are eager to work togetherwith our customers to bridge the physical and digital worlds of currency and consumer transactions through the bestservices,software and technology portfolio in the industry.”

Diebold Nixdorf is providing a glimpse into its future with a new brand identity and website (www.DieboldNixdorf.com). The names of the two companies’ founders comprise the primary logo, a word mark with a progressive color scheme nodding proudly to a history of innovation. Another element to the new Diebold Nixdorf brand is a secondary mark, designed with a sense of convergence and collaboration with a clear sight to the digital landscape. This mark boldly represents Diebold Nixdorf in various digital properties and mobile applications, which are becoming increasingly vital in connected commerce.

“Diebold Nixdorf is committed to realizing transformative opportunities for our customers that are personalized and secure, data-enriched, seamless and collaborative,” Mattes concluded. “By leveraging talent and innovation from our combined organization, we are strongly positioned to help our financial and retail customers address global consumer transaction trends across all touchpoints. It’s a new era for our organization, and we’re better prepared than ever to partner and collaborate with our customers on solutions that fit their needs, now and in the future.”