Wincor Nixdorf acquires Dynasty Technology Group
Wincor Nixdorf today signed an agreement to acquire Dynasty Technology Group in Madrid. With a workforce of 70, Dynasty Technology Group specializes in software and associated professional services such as IT integration and adaptation for retail banks, particularly in the burgeoning markets of Latin America and Spain. By acquiring a 100% stake in the company, Wincor Nixdorf is tapping into additional growth potential in the software sector and enhancing its stature as a global provider of end-to-end IT solutions. As a result, retail banks in Spain and Latin America will soon have access to ever more comprehensive services from a single source.
In addition to its home market in Spain, Dynasty Technology Group is active in Latin America via its regional office in Brazil. "In the 15 years since it was established, Dynasty has earned itself an excellent reputation as a provider of software and IT consulting services for bank-branch and self-service business. This makes it an ideal fit for Wincor Nixdorf's portfolio in both Spain and the growth markets of Latin America," explained Javier Lopez-Bartolome, Wincor Nixdorf's Senior Vice President in charge of American and Iberian business, commenting on the acquisition.
"We are looking forward to expanding our business even further in future together with such a strong retail banking partner as Wincor Nixdorf. We see excellent opportunities for Dynasty to complement the Wincor Nixdorf service portfolio, especially in our favored regional markets," said Jose Antonio Huerga, CEO of Dynasty Technology, who will continue to exercise this function after the takeover.
Going forward, Dynasty Technology Group will be rebranded "Dynasty Technology Group – a Wincor Nixdorf company."