Diebold acquires ATM distributor in Taiwan; wins National City ATM order
07 January 2004 | 3400 views | 0
ATM manufacturer Diebold has acquired Licent Information Technology (LIT), its sales and service distributor in Taiwan. Financial terms of the deal were not disclosed.
Taipei-based Licent Information Technology has been providing local services to Diebold clients since 1999.
Under the deal, Licent's president and managing director Martin Huang will join Diebold as the managing director for Taiwan, responsible for the combined Taiwan operations.
James Chen, Diebold's vice president and managing director for Asia Pacific, says: "This acquisition expands our current service organisation in Taiwan and offers a unique opportunity for growth. We are now able to have a single presence, strategy and offering for our customers."
Once the transaction is completed, Diebold will employ more than 60 staff in the region at its service centres in Taipei, Taichung and Tainan and depot repair centre in Taichung.
Separately, US-based National City Corporation has contracted with Diebold for the supply of 1000 Opteva ATM units.
The purchase is part of National City's $30 million programme to replace or upgrade all of its exisiting 1580 ATMs over the next 30 months. Any machines that are not replaced with the Opteva units will be upgraded using Diebold's advanced function ix Series technology.
The machines will be equipped with new security features including a fraud-resistant dispenser and card reader, as well as a Triple DES-compliant encrypted PIN-pad.
A choice of English or Spanish text will also be available on all ATMs and the machines will also be voice-enabled.