06 February 2016

Diebold buys Turkey's Altus

22 October 2012  |  4535 views  |  0 atm

American technology vendor Diebold has acquired Turkish ATM services specialist Altus. Financial terms of the deal were not disclosed.

Headquartered in Ankara, Altus employs more than 150 cash machine specialists in 32 service centres, covering 80 cities throughout Turkey. CEO Bulent Tellioglu is joining Diebold as the company's country manager.

Diebold says that the acquisition is part of an aggressive growth strategy in the country, which, according to Retail Banking Research, saw its ATM network grow by 4700, or 17%, between 2010 and 2011.

Dave Wetzel, MD, Emea, Diebold, says: "With its invaluable expertise and knowledgeable associates, Altus will enrich the Diebold brand in Turkey and create value for our customers."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

10 January, 2012
03 June, 2010
03 February, 2010

Related company news

 

Top topics

Most viewed Most shared
Fintech rising: Resistance is futile, says...
9836 views comments | 47 tweets | 39 linkedin
Digital transformation driving earnings at...
8552 views comments | 41 tweets | 35 linkedin
ECB eyes up European P2P payments
7502 views comments | 27 tweets | 37 linkedin
Visa opens up to developers
6591 views comments | 23 tweets | 40 linkedin
Mondo releases API to let customers play w...
5857 views comments | 23 tweets | 21 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job