MISSISSAUGA, Ontario -- Diebold, Incorporated (NYSE: DBD) has closed a deal to purchase the ATM service business of Geac Canada Limited.
"This purchase will effectively expand our Canadian operations," said John M. Deignan, managing director of Diebold Company of Canada, Ltd. "We now have a stronger presence in Western Canada, which complements our existing customer base and enhances our service offerings for financial institutions.
According to a news release, with this acquisition Diebold will assume the role of service provider to North Shore Credit Union, Squamish Credit Union, Surrey Metro Savings Credit Union, Vancouver City Savings Credit Union and Westminster Savings Credit Union. In addition, Diebold will service NCR-manufactured ATMs for these customers.
Diebold has hired all of the Geac self-service personnel in Canada.
"By divesting our bank machine teller maintenance business to Diebold we are focusing more
exclusively on providing our global customer base with the increased support, service and technology developments core to their businesses," said said Jim Handy, senior vice president, GES, North America. "The customers and employees affected will be given an opportunity to develop with a leader in the self-service banking industry."
