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Diebold selling its North American electronic security business to Securitas for $350 million

2015-10-27 08:09:04| Appliances - Topix.net

Diebold Inc. , the technology and software company known for its ATMs and bank security systems, has agreed to sell its North America-based electronic security business to Securitas AB , an $8 billion global security services company based in Stockholm, for $350 million. "Given the transformation that is occurring in the self-service industry, this strategic decision will enable us to accelerate our own transformation and focus on the exciting opportunities we're seeing for growth and innovation in that market," said Andy W. Mattes, Diebold's president and chief executive, in a written statement released Sunday.

Tags: business north american security

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