How did the transition from Nixdorf to Siemens Nixdorf and then to Wincor Nixdorf come about?
Wincor Nixdorf is able to look to the future with the benefit of a successful company history. Nixdorf Computer AG, the company formed by German entrepreneur Heinz Nixdorf, was taken over by Siemens AG in 1990 and turned into Siemens Nixdorf Informationssysteme AG. The two business divisions, Banking and Retail, were brought together under the company Siemens Nixdorf Retail and Banking Systems GmbH in 1998, forming an independent business entity. It was on October 1, 1999, that the present Wincor Nixdorf Group finally came into being by way of a carve-out from the Siemens Group. The foundation for the carve-out was provided by the involvement of equity investors Kohlberg Kravis Roberts & Co. L.P. and Goldman Sachs Capital Partners in the form of a leveraged buy-out.
