Diebold And Wincor Nixdorf To Combine, Creating Premier Self-Service Company For Financial And Retail Markets

Companies have entered into a business combination agreement in which Diebold will launch a voluntary public tender offer for all of Wincor Nixdorf’s outstanding shares.
Brings together leading global innovators in banking and retail technologies in rapidly transforming industries.
Combined company will deliver fully integrated and transformative solutions in value-added services, branch automation and omnichannel experiences.
Both companies share a common strategic focus on growing services and software, and have highly complementary offerings, geographic presence and customer bases.
Diebold will offer Wincor Nixdorf shareholders €38.98 in cash plus 0.434 Diebold common shares per Wincor Nixdorf share.
Transaction values Wincor Nixdorf, including net debt, at approximately $1.8 billion, or €1.7 billion.
Transaction expected to yield approximately $160 million of annual cost synergies, and the combined company will target non-GAAP operating margin in excess of 9 percent by the end of the third full year following completion of the transaction.