Diebold to Purchase ATM Manufacturing Plant in India
Agreement with Tata Infotech strengthens presence in one of the world's fastest growing markets
NORTH CANTON, Ohio, July 15, 2005 /PRNewswire-FirstCall via COMTEX/ --
Diebold, Incorporated (NYSE: DBD), a global leader in integrated self-service delivery systems and services, today announced that it has signed an agreement to purchase Tata Infotech's automated teller machine (ATM) manufacturing plant in India. Located in Goa, the plant will focus on supplying ATMs for customers in India and surrounding regions in Asia.
In 2002, Diebold and Tata Infotech entered into a contract-manufacturing agreement in which Tata set up a separate facility to manufacture Diebold ATMs in India for distribution by Diebold throughout India, South Asia and Southeast Asia. The facility will be renamed Diebold Goa Manufacturing.
"We're delighted to take this important step to increase our presence and meet our business objectives in India," said Eric C. Evans, Diebold president and chief operating officer. "This plant will help advance Diebold's manufacturing capability throughout Asia and will dramatically increase our ability to meet the needs of our customers in India."
Evans added, "While ownership of the plant shifts, our cooperation with Tata has been excellent. Diebold will continue to work cooperatively with Tata in other areas important to our global business, such as software development and supplier support."
The 30,000 square-foot facility is equipped with modern manufacturing equipment, including testing facilities and production and inspection equipment to undertake prototyping and fabrication.
Tata Infotech, a leading IT company, is part of the multi-billion dollar Tata Group. Tata Infotech provides customers worldwide with innovative system integration offerings integrating hardware, software solutions and services in the IT and telecom sectors and contract hardware manufacturing and design engineering services. Tata Infotech will continue to service its existing and future customers from its other manufacturing and design engineering facilities in Goa.
Diebold, Incorporated is a global leader in providing integrated security, services and self-service delivery systems. Diebold employs more than 14,000 associates with representation in more than 90 countries worldwide, and is headquartered in North Canton, Ohio, USA. Diebold reported revenue of $2.4 billion in 2004 and is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's Web site at http://www.diebold.com
SOURCE Diebold, Incorporated
Media, Michael Jacobsen, 1-330-490-3796, or [email protected] , or Investors, John Kristoff, 1-330-490-5900, or [email protected] , both of Diebold, Incorporated
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