Wincor Nixdorf, a leading provider of hardware, software and services technology to banks and retailers, has acquired Siemens Inc.'s Information Technology Products & Services (ITPS) Division.
The Manila-based company will now be named as Wincor Nixdorf Philippines Inc. and will operate as a full-fledged legal entity under the umbrella of the Wincor Nixdorf Group. The acquisition was effective June 1, 2009.
"Wincor Nixdorf is pleased to become the owner of this business after many years of cooperation with Siemens Inc.'s ITPS Division and is excited about expanding our business and solutions offerings to such a strategically important market," says Lim Khoon Hong, Asia Pacific President and Executive Board Member at Wincor Nixdorf.
The acquisition is part of Wincor Nixdorf's strategy to expand globally by focusing on high-growth regions. "The Philippines is the latest positive development with regards to the internationalization of our business," adds Mr Lim.
In past years, Siemens Inc.'s ITPS Division has been the preferred partner and distributor for Wincor Nixdorf in the Philippines. ITPS developed a strong market position in the country by serving retail banks and retailers with Wincor Nixdorf's software applications, services portfolio, automated teller machines (ATMs) and programmable electronic point of sales (ePOS) systems.
"Wincor Nixdorf plans to grow its entire business in the Philippines by investing in our new subsidiary to ensure customers receive the latest and most appropriate banking and retail technology, as well as benefit from our outsourcing capabilities," says Ariel Gumabao, Country Manager of Wincor Nixdorf Philippines Inc.
"Our expertise lies in bringing together hardware, software and services to create global IT solutions that increase and optimize the efficiency and user-friendliness of our customers' processes," adds Mr Gumabao.