Diebold (DBD) Acquires Multivendor Service Provider Altus

October 22, 2012 8:33 AM EDT
Diebold, Inc. (NYSE: DBD) has acquired Altus, an industry-leading multivendor service provider in Turkey. Headquartered in Ankara, Altus was founded in 2008 to offer various hardware and software-related services to the financial industry and today is one of the leading companies in its field.

Altus provides information technology (IT) services to the financial sector through 32 service centers, covering approximately 80 cities in Turkey with a team of more than 150 professionals specializing in automated teller machine (ATM)-focused services. Altus also provides services for computer-related peripherals, providing a wide breadth of expertise to support the Turkish market.

As part of its aggressive growth strategy in Turkey and the surrounding region, Diebold is combining its world-renowned competencies in financial self-service with a dynamic company to strengthen its position and effectively develop its business in this growing market. According to a report issued by Retail Banking Research (RBR) earlier this year, the ATM installed base in Turkey grew by 4,700 units, or 17 percent, from 2010 to 2011, making this the fastest growing market on an absolute unit basis in the Western European region.

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