Diebold acquires Italian service company

Diebold acquires Italian service company
Tags: Diebold, Incorporated
July 15, 2002

NORTH CANTON, Ohio -- Diebold, Incorporated (NYSE: DBD) has acquired 100 percent of Sersi Italia, a company specializing in multi-vendor customer service and closed-circuit television monitoring of ATMs for banks and post offices throughout Italy.

Sersi Italia has a staff of 50 employees and posted euro 3.5 million in sales in 2001. With the acquisition, Diebold will have 200 service professionals in Italy. According to a news release, approximately 60,000 ATMs are under a Diebold service contract throughout Europe; about 25 percent of them are non-Diebold units.

Also according to the release, with the acquisition Diebold will take over the management of 2,300 automatic postal dispensers.