Wincor Nixdorf and Aisino establish joint venture to co-market IT solutions for banks and retailers in China

(PresseBox) ( Paderborn/Shanghai, )
Aisino Corporation, a Chinese company that specializes in intelligent anti-forgery tax control systems,  EFT POS solutions, financial IC cards, bill receipt printing solutions and public IT security solutions, has established a joint venture (JV) with Wincor Nixdorf in China to develop, produce and market IT solutions for banking and retail companies in China. The JV is strategically positioned to primarily tap the sizeable banking business in the country by offering solutions that meet Chinese banking regulations. Aisino, which currently employs more than 20,000 people in China and earns annual revenues of USD 3.2 billion, holds a majority interest of 51 percent in the joint venture.

Operating under the name Aisino Wincor, the JV will offer banks and retailers an extensive range of hardware, software and services. The JV’s comprehensive portfolio comprises POS systems and self-checkout solutions for the retail segment as well as self-service solutions for the banking segment. Banking solutions include ATMs, cash recycling systems and the software necessary to operate the systems. The JV’s portfolio will also extend to offering the banking segment end-to-end services that help customers manage their self-service networks. These professional and managed services range from deployment and project management to life-cycle maintenance. 

“Thanks to the partnership with Aisino, we will improve our position in this strategically important market. We will also be able to help Chinese banks and retailers to become more efficient and profitable by offering them innovative solutions,” said Eckard Heidloff, President and Chief Executive Officer of Wincor Nixdorf.

“We look forward to a successful future with Wincor Nixdorf, an internationally recognized leading provider of IT solutions for both the banking and retail industries," stated Mr. Shi Yang, CEO of the Aisino Group.

The joint venture will commence operations after relevant approval granted by the authority and is headquartered in Shanghai.

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.
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