ATM manufacturer Diebold Nixdorf has finalised its joint venture (JV) agreements with Chinese cloud computing and data centre company Inspur Group and Chinese IT firm Aisino.
The agreement with Inspur allows Diebold to offer a suite of self-service solutions such as ATMs, non-cash terminals and kiosks within China.
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In addition, Diebold will serve as the exclusive distributor outside of China for products developed by the JV.
The Aisino deal allows Diebold to develop, produce and market a range of hardware, software and services for banks and retailers in China.
Diebold will own a 40% minority stake in the Inspur joint venture, and a 43.6% minority interest in the Aisino JV.
The agreements follow Diebold’s completion of acquisition of German rival Wincor Nixdorf in August 2016. The Inspur JV was announced by Diebold in December 2015, while the agreement with Aisino was announced by Wincor Nixdorf in June 2016.
