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Diebold to acquire EPP expertise with purchase of Cryptera

June 25, 2014

Diebold Inc. today announced an agreement to acquire Copenhagen, Denmark-based Cryptera A/S, specialists in secure payment technology — particularly encrypting PIN pads.

As a top supplier of PIN pads for ATMs, petrol pumps, self-service and self-checkout devices, Cryptera will help expand Diebold's position in ATM security solutions and drive future innovation in the EPP space, a company news release said.

Under the agreement, Cryptera will operate as a separate business with its own business plans and scope, and will continue to be an original equipment manufacturer of EPP solutions for Diebold and its other existing customers globally.

Diebold will leverage Cryptera's development and product capabilities to expand its OEM customer base throughout the self-service industry.

Diebold released a statement from President and CEO Andy W. Mattes about the acquisition:

We're excited to add Cryptera's expertise in PIN pad security to our ATM security portfolioWe've been a user of Cryptera solutions for more than 10 years, and have always been impressed with their level of sophistication in EPP security and design. Cryptera's people, knowledge and market presence will allow Diebold to better leverage our combined technical capability and further advance the level of innovation for security in self-service settings across the globe.

Cryptera employs about 80 people, who will join the Diebold family as part of the acquisition. President and CEO Kaj Christiansen will remain with the company along with its existing leadership team.

"Diebold has a long and distinguished history, and we're most excited to contribute to a bright future for both of our organizations," Christiansen said. "At the same time it's important that Cryptera will maintain our strategy and mission and we will keep a strong focus to serve our broad range of existing customers."

Financial terms of the acquisition were not immediately disclosed. The companies expect to close the sale early in the third quarter, the release said. 

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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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