Germany’s Wincor Nixdorf reported its first quarter (1Q/16) net income more than quadrupled year-on-year (YOY) driven by strong growth in the Americas region. Retail revenue YOY growth was in double-digits for 1Q/16 while banking revenue went south. The proposed merger with U.S.-based Diebold continues on track. Wincor Nixdorf reported first quarter gross revenue of €582…
Germany’s Wincor Nixdorf reports a 48% year-on-year (YOY) surge in profits for the fourth calendar quarter (4Q/15). Revenues climbed 13.6% YOY in 4Q/15 or 12.0% when adjusted for local currency (FX). The proposed merger with U.S.-based Diebold continues on track. Revenues for 4Q/15 were €727 million, compared to €640 million for 4Q/14. Profits for 4Q/15…
Wincor Nixdorf and Diebold have entered into a business combination agreement in a deal valued at $1.8 billion, or €1.7 billion.
The transaction is expected to yield approximately $160 million of annual cost synergies.
Germany’s Wincor Nixdorf reports fiscal year net sales totaled €2,427 million, down 2% on the prior-year figure. Talks of a merger with U.S.-based Diebold also continue on track.
Banks everywhere are responding to digitalization by integrating online banking with mobile technologies to meet the needs of customers across all channels, from tablets to smartphone users. Next week Wincor Nixdorf will be showcasing this technology its device – CINEO C2020.
The ATM channel has become the foundation for an increasing number of interactions with financial institutions and their customers and members. New research concludes ATMs are often filling many of the roles of traditional tellers, at least for day-to-day transactions.
Diebold is on track to acquire Paderborn, Germany-based Wincor Nixdorf. The offer price of EUR 52.50 per share for Wincor Nixdorf would be paid in cash and Diebold shares.
This will make Diebold a dynasty in the global ATM vertical.
Wincor Nixdorf has unwrapped its new automated teller machine (ATM) on the market that enables customers to withdraw cash using a smart phone or a near-field communications (NFC) card. The system’s innovative design is intended to appeal especially to digital natives who have grown up with digital and mobile technologies.
German-based Wincor Nixdorf has acquired Brink’s CiT operations in the Netherlands,expanding its cash management capacities in the Netherlands. As a result of the acquisition, the new Rotterdam-based SecurCash will also profit from synergies from the business with banks and retail companies.
A new white suggests digital technologies are providing alternative customer access channels, which means that the branch – the oldest delivery channel – must evolve and transform if it is to remain a core component of the banking mix.
Wincor Nixdorf has inked Nokas for JV, the leading Scandinavian provider of cash-handling services, in June 2015. The new company, named CROWN (Cash Retail Optimization Wincor Nixdorf Nokas), has its headquarters in Delft, Netherlands, and is owned equally by Wincor Nixdorf and Nokas.
In today’s CardFlash News Que: WINCOR (Nokas); DIGITAL INSIGHT (AZ FCU); EMAZZANTI (EMV); and BBB (Dropbox).