Wincor Nixdorf was a German corporation that provided retail and retail banking hardware, software, and services. Wincor Nixdorf was engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as
ATMs), retail banking equipment, lottery terminals, postal terminals, software and services for global financial and commercial markets.
Following Wincor Nixdorf's IPO in May 2004, KKR and Goldman Sachs sold all of their shares. In total, KKR received over €685 million, broken down into €160 million in dividends in 2004, €225 million (two-thirds of stock market proceeds) in 2005, and €300 million in sales proceeds, also in 2005. During the five years that KKR and Goldman Sachs, the number of employees at Wincor Nixdorf increased from 3,400 to 6,300.
In October 2015, Wincor Nixdorf’s cashless Payments unit was carved out of the group and started trading independently under the name of AEVI. On August 15, 2016, through the merger of Wincor Nixdorf and
Diebold Inc.,
Diebold Nixdorf was formed as the succeeding international technology and services company.
History
Founded by
Heinz Nixdorf
Heinz Nixdorf (April 9, 1925 – March 17, 1986) was a German computing pioneer, businessman and founder of Nixdorf Computer AG.
Nixdorf was born in Paderborn, Germany.
The 27-year-old Nixdorf, at the time a physics student, founded his first ...
,
Nixdorf Computer was formed in 1952. In 1990, the company was purchased by
Siemens AG
Siemens AG ( ) is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad.
The principal divisions of the corporation are ''Industry'', ''E ...
and renamed
Siemens Nixdorf Informationssysteme
Siemens Nixdorf Informationssysteme, AG (SNI) was formed in 1990 by the merger of Nixdorf Computer and the Data Information Services (DIS) division of Siemens.
It functioned as a separate company within Siemens.
It was the largest information ...
. The company was re-focused exclusively on its current product, set in 1998, and renamed Siemens Nixdorf Retail and Banking Systems
GmbH. Following a buyout by
Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strate ...
and
Goldman Sachs Capital Partners
Goldman Sachs Capital Partners is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally. The group, which is based in New York City, was founded in 1986. As of 2019, GS Capital Partners ...
on October 1, 1999, the company was renamed Wincor Nixdorf. The company was taken public May 19, 2004, with a successful
IPO. On November 8, 2006, Chief Executive Officer
Karl-Heinz Stiller announced his resignation from the Board of Directors. Eckard Heidloff was elected as his replacement.
Corporate relationships
IBM
Following the end of the
InterBold partnership in 1997,
IBM eventually entered into a re-distribution arrangement with Wincor Nixdorf. IBM sells and services Wincor Nixdorf machinery in several countries in the Americas.
Unisys
Unisys
Unisys Corporation is an American multinational information technology (IT) services and consulting company headquartered in Blue Bell, Pennsylvania. It provides digital workplace solutions, cloud, applications, and infrastructure solutions, ...
also has a relationship with Wincor Nixdorf in some Latin American countries such as
Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
.
Security issue
On July 12, 2016, the media reported that at least 34
ATMs belonging to the Taiwanese had been hacked via a
Malware
Malware (a portmanteau for ''malicious software'') is any software intentionally designed to cause disruption to a computer, server, client, or computer network, leak private information, gain unauthorized access to information or systems, depr ...
heist. Over 70 million
Taiwan dollar (equivalent to 2 million
USD
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
) had been withdrawn illegally. The ATMs had been manufactured by Wincor Nixdorf. According to the investigative authority, the international criminal hacker group used mobile devices instead of bank cards to activate the cash-withdrawal process. Security experts from the company were sent to investigate the security breach. At the time of the incident, there were approximately one thousand cash machines of this same type in use in Taiwan. A detailed investigation into the vulnerability began immediately.
On July 17, 2016, Taiwanese authorities declared the case to be solved. The hacker group was found to consist of 16 people from
Russia
Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-ei ...
,
Romania
Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, S ...
, and
Latvia
Latvia ( or ; lv, Latvija ; ltg, Latveja; liv, Leţmō), officially the Republic of Latvia ( lv, Latvijas Republika, links=no, ltg, Latvejas Republika, links=no, liv, Leţmō Vabāmō, links=no), is a country in the Baltic region of ...
.
Notes and references
External links
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{{Authority control
German companies established in 1952
Manufacturing companies established in 1952
Electronics companies of Germany
Paderborn
Point of sale companies
Siemens
2004 initial public offerings
Companies based in North Rhine-Westphalia
Financial technology companies
German brands
Diebold
Diebold Nixdorf
2016 mergers and acquisitions