03 July 2015

Diebold buys Turkey's Altus

22 October 2012  |  4297 views  |  0 atm

American technology vendor Diebold has acquired Turkish ATM services specialist Altus. Financial terms of the deal were not disclosed.

Headquartered in Ankara, Altus employs more than 150 cash machine specialists in 32 service centres, covering 80 cities throughout Turkey. CEO Bulent Tellioglu is joining Diebold as the company's country manager.

Diebold says that the acquisition is part of an aggressive growth strategy in the country, which, according to Retail Banking Research, saw its ATM network grow by 4700, or 17%, between 2010 and 2011.

Dave Wetzel, MD, Emea, Diebold, says: "With its invaluable expertise and knowledgeable associates, Altus will enrich the Diebold brand in Turkey and create value for our customers."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

10 January, 2012
03 June, 2010
03 February, 2010

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Barclays takes on Apple with wearable paym...
8796 views comments | 38 tweets | 35 linkedin
Singapore pledges S$225m to fintech
7694 views comments | 30 tweets | 21 linkedin
US banks pump $16.6bn into digital transfo...
6595 views comments | 35 tweets | 23 linkedin
Greeks flock to Bitcoin
5813 views comments | 30 tweets | 18 linkedin
UK payments regulator calls for 'pipes and...
5546 views comments | 27 tweets | 19 linkedin

Featured job

Find your next job