Diebold Seeks To Add to Brazil Investments, But Stability Still Weighs

–Diebold looking to add to investments in Brazil, considers acquisitions

–Firm eyes 6% to 7% annual growth in ATM sales in Brazil

–Diebold CFO says corporate America still shaped by Brazil’s economic past

By Matthew Cowley

SAO PAULO–Diebold Inc. (DBD), the maker of ATMs and related security and outsourcing services, wants to expand its business in Brazil as a rapidly growing middle-class is driving up demand for banking services.

Diebold has a substantial business in Brazil “and we want to add to that,” said Chief Financial Officer Bradley C. Richardson. About 15% to 20% of Diebold’s $3 billion in annual …

Article source: http://online.wsj.com/article/BT-CO-20120810-712429.html

Posted by braziltribune on Aug 11 2012 Filed under Market. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry