News
Diebold to close German subsidiary
July 31, 2008
NORTH CANTON, Ohio — Diebold Inc. a provider of ATMs and security systems and services, is planning to close its German subsidiary, Diebold Germany GmbH, given the additional investment required to maintain an acceptable level of customer satisfaction in that market.
This decision is the result of careful consideration of the company's international business operations. Diebold's global strategy concentrates on a clearly defined growth plan focusing its international resources on the most profitable markets within Europe, Middle East and Africa, Asia Pacific and Latin America. Germany is a saturated market in all segments with limited growth potential driven by the existing installation base. Therefore, Diebold doesn't expect to achieve profitable growth for its products and services, or to enhance its market position in Germany.
However, DeAnn Zackeroff, a spokeswoman for Diebold, told ATM MarketPlace in an e-mailed statement that Diebold does not plan to abandon that market for long.
"Diebold is currently evaluating business options that might allow us to reenter the German market in the future," she wrote.
Approximately 50 Diebold employees in the current German operation will be affected by this decision. Diebold will ensure a seamless migration of all its existing customer service contracts in Germany, including hardware and software maintenance for existing installations. In addition, Diebold is focused on ensuring continuity in its German customer operations by developing plans on a customer-by-customer basis. Support will be conducted through partners and reliable service companies.
Included In This Story
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.
Request Info
Learn MoreRelated Media
Subscribe
Get the latest news and resources from ATM Marketplace.
