NORTH CANTON, Ohio and PADERBORN, Germany, Dec. 20, 2016 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a global leader in providing consumer and cash transaction solutions for the financial and retail industries, today announced the U.K. Competition and Markets Authority (CMA) has published provisional findings in connection with the business combination of Diebold, Incorporated and Wincor Nixdorf.
Diebold Nixdorf is pleased that the CMA has not called into question the global transaction and integration of the businesses outside the United Kingdom, and that any remedies required to preserve competition in the United Kingdom will involve the least costly and intrusive remedies needed. Diebold Nixdorf is also pleased that the CMA is committed to continue working with the company and that the CMA will consider both behavioral and structural remedies to address and resolve their review as expediently as possible. The process is expected to be completed during the first half of 2017.
On Aug. 15, Diebold, Incorporated completed its acquisition of Wincor Nixdorf AG, achieving approval from shareholders and key regulatory authorities around the world. In the United Kingdom, however, the Diebold and Wincor Nixdorf brands and operations are to remain separate and distinct pending completion of the CMA's review of the transaction.
About Diebold Nixdorf
Diebold Nixdorf is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world's top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an 'always on' and changing consumer landscape.
Diebold Nixdorf has a presence in more than 130 countries with approximately 25,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol 'DBD'. Visit www.DieboldNixdorf.com for more information.
Certain statements contained in this communication regarding matters that are not historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). These include statements regarding management's intentions, plans, beliefs, expectations or forecasts for the future including, without limitation, the business combination with Wincor Nixdorf. Such forward-looking statements are based on the current expectations of Diebold and involve risks and uncertainties; consequently, actual results may differ materially from those expressed or implied in the statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity, and the development of the industries in which the combined company operates may differ materially from those made in or suggested by the forward-looking statements contained in this document. In addition, risks and uncertainties related to the acquisition include, but are not limited to, the ability to successfully integrate the businesses of Diebold and Wincor Nixdorf, the timing, receipt and terms and conditions of any governmental and regulatory approvals that could reduce anticipated benefits or cause the parties to abandon the business combination, risks associated with the impact of the business combination agreement, the contemplated domination and profit and loss transfer agreement and any related litigation may have on the business and operations of the combined company, risks related to disruption of management time from ongoing business operations due to the acquisition, and the risk that the acquisition could have an adverse effect on the ability of the combined company to retain and hire key personnel and maintain relationships with its suppliers, and on its operating results and businesses generally. These risks, as well as other risks are more fully discussed in Diebold's reports filed with the SEC and available at the SEC's website at www.sec.gov. Any forward‑looking statements speak only as at the date of this document. Except as required by applicable law, neither Diebold nor Wincor Nixdorf undertakes any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Diebold Nixdorf