You are here: silicon.com > Management > IT Director

Siemens to sell retail and banking systems division

By Tony Hallett

Published: 18 October 1999 17:48 GMT

Siemens has confirmed it is negotiating the sale of its Nixdorf retail and banking systems division which supplies ATMs for banks such as Barclays.

According to UK paper, the Sunday Telegraph, the asking price is £460m. Siemens declined to confirm the report.

However, the German company admitted it is close to concluding talks with US leveraged buyout group Kohlberg Kravis Roberts, "and a further partner".

Schroder Ventures was rumoured to have been interested in Nixdorf, as was ICL - however a sale to the UK systems and services provider may not have satisfied the European Commission, which is pushing a Nixdorf divestiture as a prerequisite to Siemens' joint venture with Fujitsu, owner of ICL.

Add comment

Print story with

Email story

PeopleSoft would sell to Oracle - if the price is right

Siemens sale sends Marconi downwards

AOL gets intimate with AT&T over sale talks

Barclays snaps up ShopSmart.com in bargain basement sale

AT&T puts UK business up for sale

In silicon.com

Commentary

Peter Cochrane Peter Cochrane's Blog: Can I become faster and smarter? We could all use a little more help from our machines

Mark Crichard Doing business with citizen developers: Beware the legal pitfalls Legal Eye: Make sure your business is protected from potential hazards

Latest News

IT gender pay gap getting worse

Anti-ageism legislation isn't working, say IT pros

Mini laptops, codebreaking, Wikipedia and why there's no 'British Google'

Recession fuels fears of UK jobs being sent offshore

Women in IT: Tech has an image problem

Jobs

Programme Manager (Infrastructure, Strategy)

Experience of major budgetary control - 20m++, managing 25++ senior members of staff, negotiating with 3rd party suppliers and reporting directly to ...

Cancer Tracking Pathway Manager

Duties will include line managing a team of Patient Pathway Co-ordinators and Cancer Data Officers, co-ordinating activities such as annual plans and ...

New Business IT Security Salesperson; West London

You will be cold calling and targeting businesses of all sizes with the goal of booking a meeting, negotiating the sale and closing the business. New ...

Special Report Focus

Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.