18 January 2017
visit http://www.wolterskluwerfs.com

Diebold buys Turkey's Altus

22 October 2012  |  4814 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)

Finextra news in your inbox

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

Related stories

Diebold shows off concept 4G LTE-enabled ATM

Diebold shows off concept 4G LTE-enabled ATM

10 January 2012  |  5340 views  |  0 comments
Diebold pays $25m over accounting fraud charges

Diebold pays $25m over accounting fraud charges

03 June 2010  |  8980 views  |  0 comments
Diebold to cut 350 US jobs to focus on overseas opportunities

Diebold to cut 350 US jobs to focus on overseas opportunities

03 February 2010  |  5964 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit wavestone.co.ukVisit contisgroup.comVisit capgemini.com

Top topics

Most viewed Most shared
Banks face big profit loss to digitisation - McKinseyBanks face big profit loss to digitisation...
13454 views comments | 84 tweets | 101 linkedin
Blockchain impact timeline speeds up, massive cost savings forecastBlockchain impact timeline speeds up, mass...
13203 views comments | 39 tweets | 34 linkedin
Seven banks plan blockchain platform for SMEsSeven banks plan blockchain platform for S...
10964 views comments | 46 tweets | 40 linkedin
Swift goes deeper into the blockchainSwift goes deeper into the blockchain
9395 views comments | 30 tweets | 42 linkedin
Accenture beats Brexit blues with largest-ever London startup programmeAccenture beats Brexit blues with largest-...
9326 views comments | 29 tweets | 20 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job