Diebold Announces Early Termination of Hart-Scott-Rodino Waiting Period in Planned Acquisition of Wincor Nixdorf; U.S. Antitrust Clearance Achieved
NORTH CANTON, Ohio –Â Diebold, Incorporated (NYSE:DBD), today announced that the required waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 has been terminated early, with respect to the company's definitive agreement to acquire Wincor Nixdorf AG (FWB: WIN).
With this achievement, significant regulatory requirements have now been satisfied in the home countries of Diebold and Wincor Nixdorf, representing nearly half of the global revenues of the future combined business: Previously, Diebold and Wincor Nixdorf satisfied the regulatory requirements in the United States and Germany to launch the tender offer for all outstanding shares of Wincor Nixdorf.
"Achieving the Hart-Scott-Rodino milestone in the United States is a meaningful step toward completing the business combination with Wincor Nixdorf, and I am encouraged that the process continues to move forward," said Andy W. Mattes, Diebold president and chief executive officer. "Our pre-integration planning with the Wincor management team is progressing in a very positive direction, which gives us confidence we can hit the ground running and achieve synergies quickly. There is tremendous opportunity in this business combination that will create significant customer and shareholder value."
For more information about the business combination agreement between Diebold and Wincor Nixdorf, please visit www.diebold.com/dieboldwincor.
About Wincor Nixdorf
Wincor Nixdorf is one of the world's leading providers of IT solutions and services to retail banks and the retail industry. The main focus of the group's comprehensive portfolio lies on business process optimization, especially in the branch operations of both sectors. Wincor Nixdorf has established a presence in around 130 countries around the globe, giving it an outstanding profile when it comes to customer proximity. The parent company has subsidiaries in 42 countries. The company also places great importance on building close relationships with sales partners that have an excellent knowledge of the local requirements and conditions on the customer side. Wincor Nixdorf has a total workforce of around 9,000 people. Over half of those are based outside Germany.
About Diebold
Diebold, Incorporated (NYSE: DBD) provides the technology, software and services that connect people around the world with their money - bridging the physical and digital worlds of cash conveniently, securely and efficiently. Since its founding in 1859, Diebold has evolved to become a leading provider of exceptional self-service innovation, security and services to financial, commercial, retail and other markets.
Diebold has approximately 15,000 employees worldwide and is headquartered near Canton, Ohio, USA. Visit Diebold at www.diebold.com.
SOURCE Diebold, Incorporated
CONTACT: Diebold Contacts, Media Relations, Mike Jacobsen, APR, +1 330 490 3796, michael.jacobsen@diebold.com, Felix Morlock, Brunswick Group (Germany), +49 69 2400 5510, fmorlock@brunswickgroup.com, Cindy Leggett-Flynn, Brunswick Group (U.S.), +1 212 333 3810, clf@brunswickgroup.com, Investor Relations, Steve Virostek, +1 330 490 6319, stephen.virostek@diebold.com
Web Site: http://www.diebold.com
