PresseBox
Press release BoxID: 795181 (Diebold Nixdorf GmbH)
  • Diebold Nixdorf GmbH
  • Heinz-Nixdorf-Ring 1
  • 33106 Paderborn
  • http://www.wincor-nixdorf.com

Enhanced range of solutions for cash handling with coin components

Wincor Nixdorf and Hess Cash Systems: strategic cooperation in coin processing

(PresseBox) (Paderborn/Magstadt, ) Wincor Nixdorf and HESS Cash Systems, a subsidiary of Gauselmann Group and one of the leading coin process automation vendors, have agreed on a strategic cooperation. The goal is to enhance Wincor Nixdorf’s portfolio of self-service products with coin components from HESS, allowing banks and retailers to obtain an even more comprehensive range of cash process solutions from a single source. In return, HESS is extending and complementing its coin processing expertise as a technology vendor by taking over the employees of Wincor Nixdorf’s coin competence center in Linz/Austria. In addition, Wincor Nixdorf is outsourcing the production of coin deposit and coin recycling systems to HESS.

The launch of this cooperation is part of the implementation of Delta, Wincor Nixdorf’s strategic restructuring program. Among other things, this program involves a thorough readjustment of the hardware strategy. The goal here would be to enter into development partnerships and procure niche technologies on an OEM basis in order to reduce costs and drive the Group’s shift toward software and services.

Coin processing is a major challenge for retail banks and retail companies alike. Despite the growth of card payments, the volume of banknotes and coins in circulation is still rising.  For example, the European Central Bank has stated that the value of euro coins in circulation in the eurozone in the period from 2002 to 2015 increased from 12.4 billion to 25.4 billion euros.

HESS Cash Systems and Wincor Nixdorf have already cooperated successfully for many years in the marketing of coin deposit systems and coin roll dispensing systems. Wincor Nixdorf integrates components for automated coin processing in its solutions both for banks and for retailers. At multifunction self-service systems, bank clients can pay in larger sums of coins and have coins dispensed. In the retail sector, self-checkout systems can also be equipped with modules that accept coins and pay them out as change.

Eckard Heidloff, President & CEO of Wincor Nixdorf AG, explained: “HESS Cash Systems’ long-standing experience in coin processing and Wincor Nixdorf’s considerable expertise in self-service systems form an outstanding basis for a successful partnership.”

This document contains forward-looking statements that are based on current estimates and assumptions made by the management of Wincor Nixdorf AG to the best of its knowledge. Such forward-looking statements are subject to risks and uncertainties, the non-occurrence or occurrence of which could cause the actual results - including the financial condition and profitability of Wincor Nixdorf - to differ materially from or be more negative than those expressed or implied by such forward-looking statements. This also applies to the forward-looking estimates and forecasts derived from third-party studies. Consequently, neither the Company nor its management can give any assurance regarding the future accuracy of the opinions set forth in this document or the actual occurrence of the predicted developments.