The Diebold/Wincor Nixdorf merger explained

Author: IFLR Correspondent | Published: 22 Mar 2017

By James Wilson

In August 2016 US-based Diebold completed its $1.8 billion takeover of and merger with Germany’s Wincor Nixdorf. The merger brought together two leading competitors in the market of self-service transaction systems (including ATMs), electronic and physical security products, software and related professional services for global financial and retail markets. The deal marked the first successful German-US exchange offer using US-registered shares as a portion of the consideration for shares of a German target company. It also established a new precedent in filing the registration statement with the US Securities and Exchange Commission (SEC) the day after the deal announcement. Diebold Nixdorf corporate counsel Swann reviews some of the challenges in the merger.

What are some of the key dynamics at play within the sector that Diebold Nixdorf operates in?

Our industry is changing and evolving. It is no longer only defined as ATMs at your...