Diebold buys Tata Infotech's Indian ATM facility
15 July 2005 | 9206 views | 0
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."