MEDIA RELEASE PR35610
Global IT solutions provider Wincor Nixdorf acquires Siemens Inc. subsidiary in the Philippines
SINGAPORE, Aug. 6 /PRNewswire-Asia-AsiaNet/ --
Wincor Nixdorf, a leading provider of hardware, software and services technology to banks and retailers, has
acquired Siemens Inc.'s Information Technology Products & Services (ITPS) Division. The Manila-based company
will now be named as Wincor Nixdorf Philippines Inc. and will operate as a full-fledged legal entity under the
umbrella of the Wincor Nixdorf Group. The acquisition was effective June 1, 2009.
"Wincor Nixdorf is pleased to become the owner of this business after many years of cooperation with Siemens
Inc.'s ITPS Division and is excited about expanding our business and solutions offerings to such a strategically
important market," says Lim Khoon Hong, Asia Pacific President and Executive Board Member at Wincor Nixdorf.
The acquisition is part of Wincor Nixdorf's strategy to expand globally by focusing on high-growth regions. "The
Philippines is the latest positive development with regards to the internationalization of our business," adds Mr Lim.
In past years, Siemens Inc.'s ITPS Division has been the preferred partner and distributor for Wincor Nixdorf in
the Philippines. ITPS developed a strong market position in the country by serving retail banks and retailers with
Wincor Nixdorf's software applications, services portfolio, automated teller machines (ATMs) and programmable
electronic point of sales (ePOS) systems.
"Wincor Nixdorf plans to grow its entire business in the Philippines by investing in our new subsidiary to ensure
customers receive the latest and most appropriate banking and retail technology, as well as benefit from our
outsourcing capabilities," says Ariel Gumabao, Country Manager of Wincor Nixdorf Philippines Inc.
"Our expertise lies in bringing together hardware, software and services to create global IT solutions that
increase and optimize the efficiency and user-friendliness of our customers' processes," adds Mr Gumabao.
Notes to Editors:
Wincor Nixdorf is one of the world's leading providers of end-to-end IT solutions to retail banks and retailers. The
company is headquartered in Paderborn, Germany, and is publicly traded on the Frankfurt Securities & Stock
Exchange. It has a global presence in more than 100 countries. For more information please visit
Contact:
Matthew Kovac
Regional Corporate Communications (Asia Pacific)
Wincor Nixdorf Pte Ltd
Email: Matthew.kovac@wincor-nixdorf.com
Tel (Singapore): +65-6740-2624
Tel (Philippines): +63-9053-645109
SOURCE: Wincor Nixdorf
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