TEL AVIV, Israel, Dec. 17, 2015 /PRNewswire/ -- Diebold, Incorporated (NYSE:DBD) has selected AFCON Holdings LTD (TASE: AFHL) as its new distributor and authorized service partner in Israel. As part of the three-year agreement, AFCON will provide and service Diebold's advanced solutions to the Israeli market. The alliance between Diebold and AFCON will offer financial institutions an enhanced competitive and operational edge through innovative banking technology, such as Diebold's new series of automated teller machines (ATMs) and advanced digital banking solutions.
"In addition to our recent opening of a representative office in Israel, our new partnership with AFCON further positions Diebold to support the growth and development of financial institutions in Israel," said Riki Aviv, Diebold vice president and managing director Eastern Europe and Israel. "Staying ahead of market demand and collaborating closely with our customers enables us to continue to develop the right solutions at the right time in order to exceed consumer expectations."
The partnership allows Diebold to support financial institutions in Israel and meet their banking transformation needs and objectives by providing trusted, state-of-the-art, reliable solutions and services throughout the country.
"We provide unique and inclusive solutions, including managed services, supplying unmanned branches and positioning and operating advanced machines," said Mr. Zvika Alfi, CEO of Tadiran Telecom (an AFCON Company). "The partnership with Diebold is a key element of this vision and it allows us to accelerate our business growth by suppling financial institutions in Israel with the most advanced branch automation solutions. Our new independent ATM network will offer a competitive edge by working more efficiently, flexibly and securely through continuous innovation and purposeful adoption of new technologies."
About AFCON Holdings LTD
AFCON Holdings LTD (IL) was established in 1949 and was acquired in 2003 by Shlomo group. Since this acquisition, the company has grown and acquired other companies in order to expand its areas of activities in Israel and abroad. Today, AFCON is able to provide solutions and services that are required from its' customers. AFCON develops, sells and installs a range of leading technologies and innovative products. For more information, visit www.afcon.co.il.
Diebold, Incorporated (NYSE: DBD) provides the technology, software and services that connect people around the world with their money - bridging the physical and digital worlds of cash conveniently, securely and efficiently. Since its founding in 1859, Diebold has evolved to become a leading provider of exceptional self-service innovation, security and services to financial, commercial, retail and other markets.
SOURCE Diebold, Incorporated