Diebold Nixdorf
point-of-sale technology, retail industry services and software, drive-through banking equipment, safes, vaults | |
Revenue | US$3.46 billion (2022) |
---|---|
US$−212 million (2022) | |
US$−581 million (2022) | |
Total assets | US$3.07 billion (2022) |
Total equity | US$−1.37 billion (2022) |
Number of employees | c. 21,000 (2022) |
Divisions | Eurasia Banking, Americas Banking, Retail[1] |
Subsidiaries | Procomp Industria Eletronica LTDA, Phoenix Interactive Design, Cryptera, etc.[2] |
Website | dieboldnixdorf |
Footnotes / references [3] |
Diebold Nixdorf is an American multinational financial and retail
On June 1, 2023, Diebold Nixdorf filed for
Diebold history
Diebold Safe & Lock Company to Diebold, Incorporated (1859-1960s)
Diebold was founded in 1859
In 1936, Diebold expanded its product lines by acquiring companies specializing in products such as paper-based filing systems,
Computer security and ATMs (1960s-1990s)
On April 27, 1964, Diebold went public on the
Between the early 1950s and the late 1970s, Diebold's annual revenue increased from US$229 million to $451 million.
The Chubb units, however, were found somewhat disappointing by the US market.[23] After repeated failures and a limited availability of spare parts and service engineers, Diebold's staff and customers thought the Chubb devices did not meet their service expectations. Not surprisingly Diebold finally stopped distributing Chubb devices in 1973 and at the same time, decided to develop and eventually launch its own Total Automatic Banking System (TABS) 500. This device was developed by Robert W. Clark, Phillip C. Dolsen and Donald E. Kinker, and first installed in 1974.
Diebold's Event (alarm) Monitoring Center opened in 1985, allowing Diebold to monitor its "ATMs, kiosks, facilities and operations" full-time from a singular facility.
International growth (1998-2001)
In the 1990s the company significantly diversified its products, and by 1998 was offering "automated teller machines, electronic and physical security equipment, automated medication dispensing systems, software, supplies and integrated systems solutions."
In 2001, Diebold acquired
Diebold Election Systems and UTC (2002-2009)
In 2002, Diebold entered the United States elections industry through the acquisition of Global Election Systems, a producer of touch-screen voting technology based in McKinney, Texas. Branded Diebold Election Systems (DES), the acquisition was their smallest business segment,[34] and in late 2002, 3.7 million voters in Georgia used DES touch-screen stations.[28][35] DES was soon the subject of controversy amid allegations surrounding the security and reliability of some of its products,[36] as well as the political fundraising activities of Diebold's then-CEO Walden O'Dell in 2003. Critics argued O'Dell had a political conflict of interest which could compromise the security of Diebold's ballots,[33] which O'Dell denied.[37] Shortly afterwards, Diebold forbade its top executives from making political donations.[38] Citing personal reasons,[39] O'Dell resigned in December 2005[40] after several consecutive quarters of poor performance,[39] with his role taken by Tom Swidarski.[41] In August 2007, DES rebranded itself as Premier Election Solutions,[42][43][34] and two years later the division was sold to a competitor, Election Systems & Software.[44]
New facilities and acquisitions (2010-2013)
After a lawsuit brought by the
CEO and President Thomas Swidarski resigned in January 2013 after pressure from the board over poor financial performance. Henry D.G. Wallace, a former
Recent years and Wincor Nixdorf acquisition (2014-2017)
Diebold announced that it was buying the Danish PIN pad maker Cryptera in June 2014. Under the agreement, Cryptera remained a separate business operating under Diebold, and also remained an "original equipment manufacturer of EPP devices for Diebold and other existing customers."[52] In July 2014, Diebold introduced its ActivEdge card reader, which it claims "prevents all known forms of skimming [ATM crime]."[53] Diebold's revenue in 2014 equaled US$3.05 billion, an increase from the year before.[54] Operating income equaled $117.0 million, net income equaled $114.4 million, and assets totaled $2.34 billion.[54] As of 2014,[update][55] Diebold held the record for consecutive dividend increases in its stock value.[56]
In March 2015, Diebold acquired the
In June 2015, Diebold was reportedly in talks to acquire its
Nixdorf history
Founded by
Markets and services
Diebold Nixdorf markets its products and services in diverse industries, including the financial, commercial, and retail spheres.[63] The company is split into three regional divisions including the Americas (including North America and Latin America), and the Asia Pacific.[64] The Middle East, Europe, and Africa divisions operate as one segment.[64][63]
Beyond designing and producing its own physical product lines, according to
Products
Diebold Nixdorf is known for designing, manufacturing, and servicing numerous product lines related to automated service. By 1998, the company offered "
Safes and metal work
Diebold was founded in 1859[9] as a manufacturer of safes and bank vaults,[17] and bank safes and vaults would prove a staple of the company for many decades.[18]
Automated dispensors
Over the years Diebold has developed a number of products involved with automated dispensation, for example
Security measures
Diebold has developed a number of physical and electronic security products,
For ATM security, Diebold introduced its ActivEdge card reader in 2014, which it describes as "the industry's first complete anti-skimming card reader prevents all known forms of skimming – the most prevalent type of ATM crime – as well as other forms of ATM fraud."[53]
Automated teller machines
Diebold branched into the emerging market for
In July 2002 Diebold introduced its 3030 Bulk Cash Recycler Model (BCRM),[66] and in 2003, Diebold launched its Opteva line of ATMs.[10]
On December 8, 2014, Diebold debuted the 3500 and 3700 ATM series, both of which handle cash recycling among other functions.
Diebold Foundation
The philanthropic arm of Diebold, Inc., The Diebold Foundation, has supported a number of non-profits, including local branches of Meals on Wheels,[68] as well as the Group Plan Commission to support the redevelopment of Cleveland's Public Square.[69]
See also
- Membership of ATM Industry Association (ATMIA)
- Companies listed on the New York Stock Exchange (D)
- List of companies of the United States by state
- List of S&P 400 companies
- Premier Election Solutions (formerly Diebold Election Systems)
- Economy of Ohio
References
- ^ https://www.dieboldnixdorf.com/-/media/diebold/files/about-us/who-we-are/_dn_ppt_corporate-presentation_20190207_final.pdf[permanent dead link] [bare URL PDF]
- ^ "Shared Publication".
- US Securities and Exchange Commission. March 16, 2023.
- ^ "Diebold Nixdorf unveils new branding". Crain's Cleveland Business. August 16, 2016. Retrieved September 14, 2016.
- ^ a b c "Carlyle to Buy De La Rue Unit for 360 Million Pounds". Bloomberg. June 16, 2008. Archived from the original on March 21, 2010. Retrieved 2016-07-12.
- ^ "About Us — At-A-Glance". Diebold. Archived from the original on October 5, 2007. Retrieved September 30, 2007.
- ^ Wilcken, Richard (September 22, 2015). "Diebold corp headquarters". Diebold Corp. Archived from the original on August 13, 2016. Retrieved September 22, 2015.
Diebolds World HQ address.
- ^ "Diebold Nixdorf Secures Capital Commitment to Enhance Liquidity" (Press release). Archived from the original on August 30, 2019. Retrieved September 5, 2018.
- ^ a b c d e f "Diebold Establishes Subsidiary in South Africa; Wins Five-Year Contract to Service 2500 ATMs for Standard Bank of South Africa". Diebold, Incorporated - press release. April 22, 1998. Retrieved July 12, 2016.
- ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai "History". diebold.com. Archived from the original on January 22, 2017. Retrieved July 12, 2016.
- ^ a b c d e f g "Diebold, Incorporated". International Directory of Company Histories. Thomson Gale. 1998. Retrieved July 12, 2016.
- ^ a b Conneally, Tim (2011). "Prototype of first virtualized ATM: Diebold calls it 'a game changer'". BetaNews. Retrieved July 12, 2016.
- ^ a b "Diebold successfully meets tender condition for Wincor Nixdorf shares" (PDF). diebold.com. March 24, 2016. Archived from the original (PDF) on February 21, 2017. Retrieved July 12, 2016.
- ^ a b "ATM maker Diebold offers $1.8 billion for German peer Wincor Nixdorf". Reuters. November 23, 2015. Retrieved July 12, 2016.
- ^ "ATM maker Diebold Nixdorf files for bankruptcy to cut $2 bln in debt". Reuters. June 1, 2023. Retrieved June 1, 2023.
- ^ "Diebold Nixdorf emerges from Chapter 11 bankruptcy, rejoins stock market". Cleveland. August 14, 2023. Retrieved August 16, 2023.
- ^ a b c d e f g h "Diebold History". Diebold. Archived from the original on March 15, 2016. Retrieved 2016-07-12.
- ^ a b c d e H. Cho, Janet (April 24, 2009). "Green-based Diebold began with bank vaults 150 years ago and now focuses on ATMs, security". Cleveland.com. Retrieved July 12, 2016.
- ^ "After 150 years, change a safe bet at Diebold". cantonrep.com. April 12, 2009. Retrieved July 12, 2016.
- ^ a b c d e f "Obituaries - Raymond Koontz, Diebold's Chief, 83". The New York Times. September 9, 1995. Retrieved July 12, 2016.
- ^ "First ATM". October 25, 1966.
- ^ "How the ATM revolutionized retail banking: Part II". June 10, 2013. Archived from the original on July 2, 2015. Retrieved June 17, 2017.
- ISBN 978-1935497622.
- ^ Purdum, Todd S. (April 4, 1985). "Chief Executive Officer Is Elected at Diebold". The New York Times. Retrieved July 12, 2016.
- ^ "COMPANY NEWS; I.B.M.-Diebold Joint Venture". The New York Times. July 13, 1990. Retrieved July 12, 2016.
- ^ a b c "Short Take: Diebold completes purchase of IBM's InterBold share". CNET News. January 19, 1998. Retrieved July 12, 2016.
- ^ a b "Diebold acquires Procomp". ATM Marketplace. October 18, 1999. Retrieved July 12, 2016.
- ^ a b c d e "Diebold to test new hand geometry security system at residence hall, recreation center". West Virginia University. January 16, 2003. Retrieved July 12, 2016.
- ^ The San Francisco Examiner (via National Council on DisabilityDocument Archive)
- ^ "Diebold to purchase Mosler assets". ATM Marketplace. December 6, 2001. Retrieved November 21, 2022.
- ^ a b "Diebold acquires Groupe Bull's financial self-service business". ATM Marketplace. February 27, 2002. Retrieved July 12, 2016.
- ^ a b "Diebold appoints managing director for India". ATM Marketplace. July 17, 2003. Retrieved July 12, 2016.
- ^ a b Warner, Melanie. "Machine Politics in the Digital Age." The New York Times. November 9, 2003.
- ^ a b
Kropko, M.R. (March 4, 2007). "Diebold Weighs Strategy for Voting Unit". WIRED. Associated Press. Archived from the original on March 9, 2007. Retrieved 2016-07-12.
{{cite news}}
: CS1 maint: bot: original URL status unknown (link) - ^ "Voting machine errors already roil Texas and Georgia races". Politico. November 5, 2018.
- ^ Ross, Brian (October 27, 2004), "Touch-Screen Trouble", ABC News, retrieved November 18, 2008
- ^ Paul Krugman (December 2, 2003). "Hack The Vote". The New York Times. Retrieved June 21, 2012.
- ^ "Diebold stops top executives from making political donations". USA Today. June 8, 2004. Retrieved July 12, 2016.
- ^ a b "Diebold CEO O'Dell resigns". Crain's Cleveland Business. December 12, 2005. Retrieved July 12, 2016.
- ^ Byrne, John (December 12, 2005). "Diebold CEO resigns after reports of fraud litigation, internal woes". Raw Story. Retrieved July 12, 2016.
- ^ a b c d Sposito, Sean (January 24, 2013). "Diebold CEO Pushed Out Amid Disappointing Results". American Banker. Retrieved July 12, 2016.
- ^ "Diebold Election Systems to Become Premier Election Solutions". PR Newswire - Premier Election Solutions, Inc. August 16, 2007. Retrieved July 12, 2016.
- ^ Barney Gimbel, Fortune writer-reporter (November 3, 2006). "Rage against the machine: Diebold struggles to bounce back from the controversy surrounding its voting machines (Fortune, 3. November 2006)". Money.cnn.com. Retrieved November 22, 2011.
- ^ "ES&S buys competitor". Omaha World-Herald. 2009. Archived from the original on September 8, 2012. Retrieved March 9, 2009.
- ^ Borland, John (August 14, 2007). "See Who's Editing Wikipedia - Diebold, the CIA, a Campaign". Wired.
- ^ Kitten, Tracy (December 10, 2008). "Mobile banking a new focus for NCR, Wincor Nixdorf and Diebold". ATM Marketplace. Retrieved July 12, 2016.
- ^ Gershon, Eric (October 14, 2008). "UTC Ends Bid To Buy Diebold". Hartford Courant. Archived from the original on October 18, 2008. Retrieved 2016-07-12.
- ^ Goldfarb, Zachary A. (June 3, 2010). "Voting equipment maker Diebold settles accounting fraud charges for $25 million". The Washington Post. Retrieved July 12, 2016.
- ^ Lin-Fisher, Betty (October 25, 2012). "Diebold suspends plans for new headquarters in Green". Ohio.com. Akron Beacon Journal. Retrieved October 26, 2012.
- ^ Cho, Janet (June 5, 2013). "Diebold hires Andy W. Mattes as its new president and CEO". Cleveland.com. Retrieved July 12, 2016.
- ^ "SEC, DOJ charge Diebold in foreign bribery case". USA Today. October 22, 2013. Retrieved July 12, 2016.
- ^ Cho, Janet (June 25, 2014). "Diebold buying Cryptera, a Danish maker of PIN pads for ATMs and other self-checkout devices". Cleveland.com. Retrieved July 12, 2016.
- ^ a b "Diebold Stops ATM Fraudsters In Their Tracks With World's Most Secure Anti-Skimming Card Reader". diebold.com. July 29, 2014. Archived from the original on July 12, 2016. Retrieved July 12, 2016.
- ^ a b "Diebold, Incorporated (DBD)". Yahoo! Finance.
- ^ "Diebold Fails to Raise Its Dividend". Crossing Wall Street. 2015. Retrieved July 12, 2016.
- ^ "Ten Dividend Champions, 50 Plus Years of Consecutive Increase". Seeking Alpha. February 19, 2009. Retrieved July 12, 2016.
- ^ a b Cho, Janet (March 16, 2015). "Diebold acquires Phoenix Interactive Design, a Canadian ATM software company". Cleveland.com. Retrieved July 12, 2016.
- ^ a b c d Cho, Janet (October 26, 2015). "Diebold selling its North American electronic security business to Securitas for $350 million". Cleveland.com. Retrieved July 12, 2016.
- ^ a b c d Kell, John (October 26, 2015). "This ATM solves the worst thing about ATMs". Fortune. Retrieved July 12, 2016.
- ^ Huebner, Alexander (June 9, 2015). "Diebold in talks to buy Wincor Nixdorf". Reuters. Retrieved June 10, 2015.
- ^ a b c "Diebold remains committed to area despite planned combination with Wincor Nixdorf". CantonRep.com. November 24, 2015. Retrieved July 12, 2016.
- ^ Pritchard, Edd (August 15, 2016). "Diebold finalizes Wincor Nixdorf merger". Canton Rep. Retrieved September 14, 2016.
- ^ a b c d e "Company Overview of Diebold, Incorporated". Bloomberg. Retrieved July 12, 2016.
- ^ a b Diebold Nixdorf Reports 2017 Second Quarter Financial Results page 3
- ^ "About Us - History Page 4". diebold.com. Archived from the original on March 4, 2016. Retrieved 2016-07-12.
- ^ "China Construction Bank rolls out Diebold self-service terminals". Finextra. July 19, 2002. Retrieved July 12, 2016.
- ^ "Diebold Unveils Two Additional ATM Series To Expand New Self-Service Family". Diebold, Incorporated. December 8, 2014. Retrieved July 12, 2016.
- ^ "Diebold Foundation Provides Support for Meals On Wheels". Meals on Wheels. 2014. Retrieved July 12, 2016.[permanent dead link]
- ^ "Diebold Foundation Donates $100,000 to the Transformation of Cleveland's Public Square". Diebold.com. May 26, 2016. Archived from the original on June 30, 2016. Retrieved July 12, 2016.
External links
- Official website
- Business data for Diebold Nixdorf, Inc.: