Aug 14, 2018

ATM maker Diebold is on the block

Dan Primack, author of Pro Rata

Photo by Nikolas Joao Kokovlis/SOPA Images/LightRocket via Getty Images

Diebold Nixdorf, a North Canton, Ohio-based maker and servicer of automated teller machines, has hired Credit Suisse and Evercore to explore a possible sale, according to CNBC's Alex Sherman.

Why it's a big deal: Diebold is the world's largest ATM maker, with a reported 32% share.

  • Those expressing interest include rival NCR and private equity firm Bain Capital.
  • Diebold no longer makes voting machines. It sold off that business in 2009.

More from CNBC's Sherman:

"Diebold shares have been in a freefall since forecasting lower-than-expected EBITDA earlier this month and revealing it would use cash on hand and tap its revolving credit line to buy $160 million of Wincor Nixdorf shares, the German company Diebold [mostly] bought in 2016."

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