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Joint ventures open gateway to Chinese market for Diebold Nixdorf
November 14, 2016
Diebold Nixdorf has announced two joint venture agreements in the Chinese market that will allow the newly merged company to operate in that market.
Both joint ventures were initiated before the merger between Diebold Inc. and Wincor Nixdorf, and were announced in separate press releases.
Wincor Nixdorf AG finalized an agreement with Aisino Corp. that allows the newly combined Diebold Nixdorf to develop, produce and market an extensive range of hardware, software and services for banks and retailers in China, in accordance with Chinese regulations.
Upon closing the transaction, Diebold Nixdorf will hold a 43.6 percent minority interest in the joint venture, which Wincor Nixdorf first announced on June 22.
Diebold Inc. finalized a joint venture agreement with the
The press release stated Diebold Nixdorf will serve as the exclusive distributor outside of
Upon closing the transaction, Diebold Nixdorf will hold a 40 percent minority interest in the joint venture, initially announced by
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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.
