Diebold / Wincor Nixdorf Phase II Merger Cleared by UK CMA

In March 2017, the UK Competition & Markets Authority (CMA) approved the $1.8 billion transaction by which U.S. based firm Diebold acquired German rival Wincor Nixdorf, after a Phase II investigation. Both Diebold and Wincor Nixdorf are producers of hardware and software for ATMs. The approval was subject to only limited divestments - the sale of Diebold’s customer-operated cashpoint business in the UK.

Compass Lexecon provided economic support to the Parties with their global filings. We calculated market shares in the markets for the production and commercialization of ATM hardware, software and related services and we conducted a tender analysis.

The team included Lorenzo Coppi, Urs Haegler, Alan Rozenberg, Andrew Swan, Gianmarco Calanchi, Cecilia Nardini, Martina Caldana, Sergey Khodjamirian, Aiden Lo, Gwilhem Charbonnier, and Ming Yu Wong.