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March 17, 2017

Diebold Nixdorf plans to offload legacy Diebold business in UK

Diebold Nixdorf, a provider of self-service solutions, is planning to divest its legacy Diebold business in the UK after the country’s Competition and Markets Authority (CMA) observed that a structural remedy is required in the UK business.

By Verdict Staff

Diebold Nixdorf, a provider of self-service solutions, is planning to divest its legacy Diebold business in the UK after the country’s Competition and Markets Authority’s (CMA’s) observed that a structural remedy is required in the UK business.

Besides satisfying the UK Competition and Markets Authority’s (CMA’s) competition concern, the latest move will help the Diebold to formally achieve CMA’s permission regarding its $1.8bn merger with Wincor Nixdorf.

Earlier in August 2016, the CMA said that the merger could lead to a substantial lessening of competition (SLC) in the supply of customer-operated ATMs in the UK, as there is limited possibility of a new player arriving in the UK ATM market.

After the CMA observation, Diebold Nixdorf is actively pursuing a divestiture of its legacy Diebold business in the UK with a potential purchaser.

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