Wincor Nixdorf and HESS Cash Systems, a subsidiary of Gauselmann Group and one of the leading coin process automation vendors, have agreed on a strategic cooperation.
The goal is to enhance Wincor Nixdorf’s portfolio of self-service products with coin components from HESS, allowing banks and retailers to obtain an even more comprehensive range of cash process solutions from a single source. In return, HESS is extending and complementing its coin processing expertise as a technology vendor by taking over the employees of Wincor Nixdorf’s coin competence center in Linz/Austria. In addition, Wincor Nixdorf is outsourcing the production of coin deposit and coin recycling systems to HESS.
The launch of this cooperation is part of the implementation of Delta, Wincor Nixdorf’s strategic restructuring program. Among other things, this program involves a thorough readjustment of the hardware strategy. The goal here would be to enter into development partnerships and procure niche technologies on an OEM basis in order to reduce costs and drive the Group’s shift toward software and services.
Coin processing is a major challenge for retail banks and retail companies alike. Despite the growth of card payments, the volume of banknotes and coins in circulation is still rising. For example, the European Central Bank has stated that the value of euro coins in circulation in the eurozone in the period from 2002 to 2015 increased from 12.4 billion to 25.4 billion euros.
HESS Cash Systems and Wincor Nixdorf have already cooperated successfully for many years in the marketing of coin deposit systems and coin roll dispensing systems. Wincor Nixdorf integrates components for automated coin processing in its solutions both for banks and for retailers. At multifunction self-service systems, bank clients can pay in larger sums of coins and have coins dispensed. In the retail sector, self-checkout systems can also be equipped with modules that accept coins and pay them out as change.
Eckard Heidloff, President & CEO of Wincor Nixdorf AG, explained: “HESS Cash Systems’ long-standing experience in coin processing and Wincor Nixdorf’s considerable expertise in self-service systems form an outstanding basis for a successful partnership.”