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Diebold buys ATM manufacturing plant in India

July 14, 2005

NORTH CANTON, Ohio - Diebold Inc., a global provider of integrated self-service delivery systems and services, announced in a June 14 news release that it is buying Tata Infotech's ATM manufacturing plant in India. Located in Goa, the plant will focus on supplying ATMs for customers in India and surrounding regions in Asia.

Tata Infotech provides system integration, software solutions and services in the IT and telecom sectors, and hardware-manufacturing and design-engineering services. The company will continue to service its existing and future customers from its other manufacturing and design engineering facilities in Goa.

The new 30,000 square-foot facility, which will be renamed Diebold Goa Manufacturing, is equipped with modern manufacturing equipment, including testing facilities and production and inspection equipment to undertake prototyping and fabrication.

In 2002, Diebold and Tata Infotech signed a contract-manufacturing agreement for Tata to set up a separate facility India to manufacture Diebold ATMs for India, South Asia and Southeast Asia.

"We're delighted to take this important step to increase our presence and meet our business objectives in India," said Eric C. Evans, Diebold president and chief operating officer. "This plant will help advance Diebold's manufacturing capability throughout Asia and will dramatically increase our ability to meet the needs of our customers in India. Diebold will continue to work cooperatively with Tata in other areas important to our global business, such as software development and supplier support."

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Diebold Nixdorf

As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.

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