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Diebold

Diebold
Public
Traded as
Industry Banking & Security
Founded 1859; 158 years ago (1859) (as Diebold Bahmann Safe Company)
Cincinnati, Ohio, U.S.
Founder Charles Diebold
Headquarters Green, Ohio (North Canton mailing address), United States
Area served
Worldwide
Key people
Andy W. Mattes (CEO)
Products Automated teller machines, banking-industry services and software, drive-through banking equipment, electronic & physical security, safes, vaults
Number of employees
15,000
Parent Diebold Nixdorf
Divisions Diebold North America / Europe, Middle East and Africa / Asia Pacific / Latin America
Subsidiaries Procomp Industria Eletronica S.A., Phoenix Interactive Design, Cryptera
Website www.dieboldnixdorf.com

Diebold was an American financial self-service, security and services corporation. A part of Diebold Nixdorf since August 2016, the entity is internationally engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ATMs), electronic and physical security products (including vaults and currency processing systems), software and related services for global financial and commercial markets. Founded in 1859 in Cincinnati, Ohio as the Diebold Bahmann Safe Company, after becoming incorporated in Ohio in 1876 the company changed its name to Diebold Safe & Lock Company. Currently headquartered in the Akron-Canton area with facilities in nearby Green, in 1921 Diebold sold the world's largest commercial bank vault to Detroit National Bank. Diebold has since branched into diverse markets, and is currently the largest provider of ATMs in the United States. With 2015 revenues of US$2.42 billion, Diebold acquired Germany's Wincor Nixdorf in 2016, integrating it to form Diebold Nixdorf. It is estimated that Diebold Nixdorf controls about 35 percent of the global ATM market.

Diebold was founded in 1859 in Cincinnati, Ohio as the Diebold Bahmann Safe Company. Under the leadership of founder Charles Diebold, a German immigrant, the company's 250 initial employees began manufacturing safes and bank vaults out of a factory in Canton, Ohio. Diebold states that 878 of its safes protected some of the only undamaged property in the Great Chicago Fire of 1871, and the following year Diebold moved its operations and headquarters to Canton to meet increased demand. In 1874, Diebod was contracted to build the word's largest safe, to be installed in the San Francisco branch of Wells Fargo. In 1876, after becoming incorporated in Ohio, the company changed its name to Diebold Safe & Lock Company. Diebold secured its first international sale in 1881, when it built a safe for the President of Mexico. Diebold debuted manganese steel doors marketed as TNT-proof in 1890, and in 1921, Diebold sold the world's largest commercial bank vault to Detroit National Bank. Diebold became a publicly traded company in the 1930s. Also around that time, Diebold introduced a "robbery-deterrent system for banks that flooded the bank lobby with tear gas" to help deal with robbers such as the infamous John Dillinger.


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