money machines

ATM-Maker Wincor Goes it Alone

wincor_IMAGO
Wincor Nixdorf is not interested in a merger or takeover.
  • Why it matters

    Why it matters

    Despite its lack of interest, ATM-maker Wincor Nixdorf is still seen as a takeover target due to weak financial results and a restructuring.

  • Facts

    Facts

    • Wincor Nixdorf’s share price rose more than 10 percent after talk of a takeover approach from the U.S. competitor Diebold.
    • Wincor Nixdorf is currently valued on the German stock exchange at €1.1 billion; Diebold is valued at €2 billion.
    • Diebold is the world’s third-largest maker of cash machines by revenue; Wincor Nixdorf is the world’s second-largest.
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    Audio

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Rumors have raged for months of a possible takeover of weakened ATM machine producer Wincor Nixorf, about approaches by a U.S. financial investor or talks with competitors.

Talk turned mid-week to another takeover approach by U.S. competitor Diebold, the world’s third-largest maker of cash machines. Wincor Nixdorf shares jumped as much 13 percent on Wednesday on speculation of a takeover of the number two on the market by Diebold.

Eckard Heidloff, Wincor’s chief executive, nipped the rumors in the bud.

“There haven’t been any talks about a merger or takeover,” he told Handelsblatt on Thursday. “There hasn’t been a takeover offer. We in management don’t think this is the right path.”

Mr. Heidloff, however, did not rule out closer partnerships with competitors such as Diebold. “We’re already cooperating and exchanging components, for example,” he said. “And that’s something our industry still has to learn to do better.”

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