23 January 2018
visit www.ebaday.com

UK competition watchdog tells Diebold Nixdorf to sell off some business

16 March 2017  |  2980 views  |  0 atm

The UK's Competition and Markets Authority (CMA) has ordered Diebold Nixdorf to sell one of its customer-operated ATM businesses.

Last year, the CMA ran an in-depth investigation into the $1.8 billion Diebold/Wincor merger over concerns that the deal would substantially reduce competition in the UK ATM market, leaving only NCR as a credible competitor.

Now, the CMA says that if Diebold Nixdorf want the merger to be completed they must sell either Diebold’s or Wincor’s customer-operated ATMs business in the UK to a new owner, to be approved by the watchdog.

Diebold says that it is "actively pursuing" a sell off of the Diebold business with an unnamed potential buyer. Says a statement: "The company believes it can satisfy the CMA's requirements and conclude this transaction as soon as practicable."

Separately, in the latest round of an ongoing legal battle, an administrative law judge (ALJ) for the US International Trade Commission (ITC) has found that Diebold Nixdorf has infringed a patent belonging to fellow ATM maker Nautilus Hyosung America.

In a "final initial determination", the ALJ found that Diebold had infringed Hyosung's patent relating to cash and cheque automatic depositing technology. Hyosung's claims on another three patents were not backed by the judge.

In a statement, Hyosung says that the preliminary ruling "recommends banning the importation and/or sale of Diebold's latest line of financial industry products that incorporate its ActivMedia technology—specifically Diebold's 7700, 7780, 7790 and 9900 ATMs—after finding that Diebold has infringed Hyosung's patent rights."

The determination will now be considered by the ITC.

Jonathan Leiken, senior vice president, chief legal officer and corporate secretary, Diebold Nixdorf, insists that the preliminary findings has no bearing on existing products in the market or future products provided by Diebold Nixdorf

"This claim is nothing more than an attempt by Hyosung to distract from our patent infringement case against them," he says. "In that case, we are confident that the ruling in our favor against Hyosung will be upheld and that the technology infringing on our patents will be barred from entering the United States."

Previously, a different ALJ ruled that Hyosung had infringed two Diebold Nixdorf patents. The ITC has yet to offer its final ruling on that case.

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

UK watchdog calls on Diebold Nixdorf to address competition concerns

UK watchdog calls on Diebold Nixdorf to address competition concerns

20 December 2016  |  9505 views  |  2 comments
Diebold-Wincor Nixdorf merger faces UK competition probe

Diebold-Wincor Nixdorf merger faces UK competition probe

22 August 2016  |  7084 views  |  0 comments | 2 tweets | 3 linkedin
Diebold agrees $1.8 billion takeover of Wincor Nixdorf

Diebold agrees $1.8 billion takeover of Wincor Nixdorf

23 November 2015  |  7848 views  |  0 comments | 17 tweets | 15 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.ebaday.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9387 views comments | 37 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9212 views comments | 14 tweets | 14 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8979 views comments | 12 tweets | 12 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8327 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
6934 views comments | 13 tweets | 25 linkedin

Featured job

Competitive base + commission (double OTE)
London, UK

Find your next job