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GlobeNewswire·

Diebold Nixdorf and Euronet Announce Intent to Form Global Strategic Collaboration to Transform ATM Networks

  • Diebold Nixdorf & Euronet Worldwide announced an intent to form a global strategic collaboration to develop integrated ATM outsourcing solutions for financial institutions.
  • The partnership combines Diebold Nixdorf's cash recycling ATMs, software & global field services with Euronet's Ren processing platform, back office solutions & ATM operations expertise.
  • The collaboration aims to help financial institutions improve efficiency, lower operating costs, simplify ATM management & generate additional revenue through broader transaction capabilities.
  • Key value areas include greater operating efficiency via reduced replenishment needs, expanded revenue opportunities through Euronet's ecosystem, & operational flexibility with integrated monitoring & security.
  • Diebold Nixdorf brings decades of self-service banking experience & advanced cash recycling technology, while Euronet contributes over 30 years of ATM operations experience & one of the world's largest independent ATM networks.
  • Octavio Marquez, CEO of Diebold Nixdorf, stated the collaboration builds on branch automation strategies to lower costs while expanding financial services for customers.
  • Michael J. Brown, CEO of Euronet, highlighted the potential to simplify operations, improve efficiency, and offer a broader range of transactions using combined global scale & technology.
  • The companies have signed a non-binding letter of intent, with any final partnership subject to the negotiation and execution of definitive agreements.
  • Anticipated outcomes include tailored integrated service offerings leveraging both companies' existing infrastructure, technology, & customer relationships.
  • Forward-looking statements in the release note risks such as the possibility that definitive agreements may not be finalized or that anticipated benefits may not be realized.