23 October 2017
visit www.response.ncr.com

Diebold buys Tata Infotech's Indian ATM facility

15 July 2005  |  9241 views  |  0 Diebold logo

US-based Diebold has signed an agreement to purchase Tata Infotech's ATM manufacturing plant in Goa, India. Financial terms of the deal were not disclosed.

In 2002 the two firms entered into a contract-manufacturing agreement in which Tata set up the 30,000 square foot facility to manufacture Diebold ATMs in India for distribution across South and Southeast Asia.

Diebold says the facility will help advance its manufacturing capability throughout Asia and will be renamed Diebold Goa Manufacturing.

Eric Evans, president and COO, Diebold, says: "While ownership of the plant shifts, our cooperation with Tata has been excellent. Diebold will continue to work cooperatively with Tata in other areas important to our global business, such as software development and supplier support."

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 axes 300 jobs; cuts profit forecast

Diebold axes 300 jobs; cuts profit forecast

30 June 2005  |  5440 views  |  0 comments
Diebold to close US ATM plant

Diebold to close US ATM plant

10 June 2005  |  6347 views  |  0 comments
Diebold cracks Icelandic ATM market

Diebold cracks Icelandic ATM market

15 February 2005  |  4743 views  |  0 comments
Integri and Tata Infotech to provide testing for Simpay

Integri and Tata Infotech to provide testing for Simpay

30 June 2004  |  4367 views  |  0 comments
Staffware signs offshore workflow agreement with Tata Infotech

Staffware signs offshore workflow agreement with Tata Infotech

15 May 2003  |  3588 views  |  0 comments
Diebold inks ATM manufacturing deal with Tata Infotech

Diebold inks ATM manufacturing deal with Tata Infotech

23 July 2002  |  3764 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.atos.netvisit www.innotribe.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
19182 views comments | 28 tweets | 41 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15126 views comments | 23 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10946 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
8983 views comments | 14 tweets | 28 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job