NCR strengthens Brazilian position

NCR strengthens Brazilian position

NCR has sold a 49% stake in its Brazilian manufacturing and engineering operations to local player Scopus Tecnologia and signed a deal with its new partner's parent Banco Bradesco for the provision of around 30,000 ATMs.

NCR set up a manufacturing plant in Brazilian city Manaus in 2009 in a bid to gain a strong foothold in the country, the fourth biggest ATM market in the world. The US vendor has now moved to accelerate its growth by signing a strategic alliance with Scopus, which is acquiring 49% of the Manaus operation.

Bill Nuti, CEO, NCR, says: "This is a bold, strategic, and transformative alliance that is perfectly aligned with our corporate strategy as it expands and strengthens our geographic presence and sales coverage. It underscores why we ultimately decided to open our manufacturing facility in Manaus back in 2009 - namely to respond to customer demand for local sourcing and be closer to a dynamic growing market."

At the same time, Scopus owner Banco Bradesco has made NCR its preferred cash machine provider for the next five years. The bank has placed an initial order for 6000 ATMs, which will be installed at existing branches and new locations, but over the five years a target of 30,000 machines has been set.

Candido Leonelli, CEO, Scopus, says: "This agreement reflects our belief in a strategic alliance with NCR that can deliver the innovation necessary to meet the Brazilian market's growing demand for self-service and enable Scopus to drive significant growth within its business. The combination of NCR and Scopus will give us both speed and efficiency in delivering a better experience for our customers."

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