Wincor Nixdorf Buys Siemens IT Products and Services Unit
Wincor Nixdorf has acquired Siemens’ information technology products and services (ITPS) division. The Manila-based company will now be named as Wincor Nixdorf Philippines and will operate as a full-fledged legal entity under the umbrella of the Wincor Nixdorf Group.
In past years, Siemens’ ITPS division has been the preferred partner and distributor for Wincor Nixdorf in the Philippines. ITPS developed a strong market position in the country by serving retail banks and retailers with Wincor Nixdorf’s software applications, services portfolio, automated teller machines (ATMs) and programmable electronic point of sales (ePOS) systems.
“Wincor Nixdorf is pleased to become the owner of this business after many years of cooperation with Siemens’ ITPS division and is excited about expanding our business and solutions offerings to such a strategically important market,” said Lim Khoon Hong, Asia-Pacific president and executive board member at Wincor Nixdorf.