Wincor has a sizeable footprint in those products. That means adding self-checkout terminals, digital fuel pumps and automated car wash operations, for example. Convenience stores, small businesses, and gas stations are ripe for automation. Those retail kiosks will be key to Diebold’s growth. The combined company will be the number one ATM machine maker in the world. The deal, which will cost $1.8 billion and is expected to close in the next six months, makes Diebold a global powerhouse. Now, with the 2016 purchase of Germany’s Wincor Nixdorf, Europe’s largest self-service kiosk company, Diebold will double its sales and increase its global reach in banking and beyond. Yet it has misfired over the past few quarters, as the ATM market has grown stodgy and stale.īut during this slow period, Diebold has quietly evolved its products beyond self-directed banking into information management and other areas of the Internet, and is slowly continuing to automate banking.Īnd the company just bought one of its biggest rivals, doubling its size and gaining a 40% share of the projected $74 billion dollar self-service kiosk market by 2020. ĭiebold ( DBD) is a leader in banking automation with the ATM as its core. Joe Duarte, editor of Breakthrough Tech Profits. This sleeping giant and applied tech stock is about to awaken into a global growth monster, asserts technology expert Dr.
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