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Procomp adopts Diebold name

July 4, 2002

SAO PAULO, Brazil -- Diebold has changed the name of Procomp Amazonia Industria Electronica, the Brazilian ATM manufacturer it acquired in 1999, to Diebold Procomp. The name change is part of what a South American Business Information report calls a bid to take advantage of the strength of both the Procomp and Diebold brands.

Procomp had income of 638 million Brazil reals (approximately $222 million U.S.) in 2001, according to the SABI. Procomp in 2000 won a deal to supply Brazil with more than 186,000 voting terminals in a deal worth more than $105 million U.S., which was the single largest order in Diebold's history.

In 2001, Diebold built a $3 million plant in Manaus to produce safes and also implemented a line for cash dispensers, according to the SABI.

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