LEAWOOD, Kan. & WARSAW, Poland--(BUSINESS WIRE)--
Euronet Worldwide Inc. (NASDAQ: EEFT) and its wholly owned subsidiary in
Poland - Bankomat24/Euronet Sp. z o.o. — announce the acquisition of
ATMs from Diebold Poland Sp. z o.o., the country's second largest
Independent ATM Deployer and the owner of the cash4you network. The
acquisition includes 535 ATMs and over 350 retailer contracts for select
sites where the ATMs are currently installed.
This strategic acquisition brings Euronet's total owned and managed ATM
network in Poland to over 3,500 devices, providing it a unique
opportunity to expand relationships with many leading retail and bank
brands and to deliver a diverse portfolio of value added services to
end-users. By partnering with Euronet, banks stand to benefit from
significant cost savings while providing customers with access to the
largest ATM network in the country.
Since the mid-90s, Euronet has been a leading deployer of ATMs in
Poland. Through focus on customer convenience and providing dependable
service, Euronet has established an ATM network that includes agreements
with 18 leading Polish banks. The 535 cash4you ATMs, which are expected
to be migrated and re-branded as Euronet early next year, will provide
for even more convenience to those 18 banks' customers as well as all
bank customers throughout Poland.
"Euronet's leading market position is backed by our proprietary, proven
site selection methodology and metrics. The acquired cash4you ATMs are
in key locations, further enhancing Euronet's existing network.
Integration of these ATMs with Euronet's existing network will ensure
high ATM up-time availability and access to a larger customer base which
will create value for our investors, bank partners and end-users,"
commented Nikos Fountas, Senior Vice President and Managing Director of
Euronet's Europe EFT Division. "This acquisition adds to the
significance of Euronet's network as a key channel for cash distribution
in Poland and reinforces Euronet's expertise in maintaining and
operating large, complex ATM networks," added Mr. Fountas.
"This acquisition is a landmark in Euronet's 17-year development in the
Polish market. Not only does this increase Euronet's ATM count to over
3,500 devices in Poland, but it also marks the first time that a network
of independently deployed ATMs has surpassed the ATM network size of any
bank in the market," stated Marek Szafirski, Managing Director of
Bankomat24/Euronet.
"The agreement with Euronet will allow Diebold to achieve two
objectives," said David Wetzel, Vice President and Managing Director,
Diebold EMEA region. "It enables us to put greater focus on our core
business in Poland, and engages us in a new strategic relationship with
Euronet — helping extend our business in several countries in Europe,
Middle East and Africa"
The Polish market averages the second largest number of cash withdrawals
per ATM with a density of ATMs well below the Central and Eastern Europe
regional average, reinforcing growth opportunities in Euronet's largest
EFT market. With this acquisition, Euronet is strengthening its position
to take advantage of the exciting opportunities to serve the needs of
the Polish consumers.
As the largest Independent ATM Deployer (IAD) in Poland and Central and
Eastern Europe, Euronet's current IAD networks span across eight
countries including: Poland, Germany, Czech Republic, Ukraine, Bulgaria,
Romania, Greece and Croatia. Euronet's total number of owned and
operated ATMs throughout Europe will now exceed 8,000 devices.
About Euronet Worldwide, Inc.
Euronet Worldwide is an industry leader in processing secure electronic
financial transactions. The Company offers payment and transaction
processing solutions to financial institutions, retailers, service
providers and individual consumers. These services include comprehensive
ATM, POS and card outsourcing services, card issuing and merchant
acquiring services, software solutions, consumer money transfer and bill
payment services, and electronic distribution for prepaid mobile phone
time and other prepaid products. Euronet's global payment network is
extensive - including 12,668 ATMs, approximately 53,000 EFT POS
terminals and a growing portfolio of outsourced debit and credit card
services which are under management in 32 countries; card software
solutions; a prepaid processing network of approximately 591,000 POS
terminals at approximately 282,000 retailer locations in 29 countries;
and a consumer-to-consumer money transfer network of approximately
140,000 locations serving 136 countries. With corporate headquarters in
Leawood, Kansas, USA, and 47 worldwide offices, Euronet serves clients
in approximately 150 countries. For more information, please visit the
Company's website at www.euronetworldwide.com
About Diebold
Diebold, Incorporated is a global leader in providing integrated
self-service delivery and security systems and services. Diebold employs
more than 16,000 associates with representation in nearly 90 countries
worldwide and is headquartered in the Canton, Ohio region, USA. Diebold
is publicly traded on the New York Stock Exchange under the symbol
'DBD.' For more information, visit the company's website at www.diebold.com.
Euronet Worldwide, Inc.
Stephanie Taylor, +1-913-327-4200
Source: Euronet Worldwide, Inc.
News Provided by Acquire Media
