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Diebold creates direct ATM sales, service channel in Peru

December 2, 2003

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NORTH CANTON, Ohio - In connection with the acquisition of certain assets from Olivetti Peru, Diebold has established a direct, in-country presence to provide retail ATM sales and service operations in Peru.

Diebold will now have a sales, administration and service headquarters, along with a separate warehousing facility, based in Peru's capital of Lima.

"Forming a direct operation on the ground in Peru allows us the opportunity to establish a strong market presence there," said Michael J. Hillock, president of International operations for Diebold, in a news release. "This supports our strategic objective to develop the Diebold brand globally and provide customers with a direct presence in key global markets."

Ernesto Unanue, Diebold's vice president and managing director for Latin America, said the move will help Diebold build a strong self-service presence in Peru, as well as develop new businesses, such as outsourcing and security.

"This is an exciting opportunity for Diebold to expand into a new, practically untapped market," Unanue said.

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