Diebold Nixdorf Enters Chapter 11 to Restructure Debt

Whilst NCR appears to be going from strength to strength, the same cannot be said of Diebold Nixdorf, No 2 in the marketplace.

The company is a merger of the previously second and third leading suppliers – the US-based Diebold and Wincor Nixdorf of Germany. In November 2015, the two announced that they had entered into a collaboration agreement. Diebold offered $1.8 billion in cash and shares to finance the acquisition. At the time it was estimated that the two companies would control about 35% of the global ATM market, with annual sales in excess of $5 billion.

Not all mergers and acquisitions turn out to be a financial success, and this has proved to be the case with Diebold Nixdorf, with the merger running into problems almost immediately.