Wincor Nixdorf was acquired by a US rival, a significant turning point in the company's history.
The acquisition was completed in 2015, marking a major shift in the company's ownership and direction.
Wincor Nixdorf's experience in the retail banking market was a key factor in the acquisition decision.
The US company saw an opportunity to leverage Wincor Nixdorf's expertise in self-service solutions and retail banking technology.
Explore further: Siemens Nixdorf
US Company's Bid for German Rival
Diebold Inc, a US-based automated teller machine maker, has offered to buy German rival Wincor Nixdorf AG for €1.7 billion ($1.9 billion).
Diebold is offering €52.50 per share in cash and stock, a 35% premium to Wincor's closing price on Friday.
The companies have agreed on a potential strategic combination to be implemented through a public tender offer for all Wincor shares.
Wincor's presence in Europe and Diebold's main operations in the US are expected to result in few if any issues with antitrust regulators.
The offer consists mainly of cash, with the amount of stock Wincor shareholders will get dependent on moves in Diebold's share price.
Diebold's main operations are in the US, while Wincor has a strong presence in Europe.
NCR Corp, the third-largest maker of ATMs, received a takeover approach from Blackstone Group LP this summer, but the deal has yet to be finalized.
Wincor's sales come from both hardware and software, with the company drawing about 60% of its sales from software and services.
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