Diebold’s Growth By Acquisition
“This step further strengthens Diebold’s national presence in the electronic security arena,” Richard Baggot, vice president of Diebold’s electronic security and currency systems group, said in a statement.
Shortly after the AST buyout, Diebold acquired Antar-Com, an electronic systems integrator based in White Plains, N.Y. With 25 years of experience in the security and access control industry, Antar-Com provides security for ommercial, government and retail markets, employs about 100 people and generated $US27 million in revenue in 2003.
“This strategic acquisition allows us to broaden our product and service offerings,” Diebold President and COO Eric C. Evans, said in a statement. “The addition of Antar- Com will enhance Diebold’s proven hardware and software capabilities by providing total integrated security solutions for our customers.”