Diebold Nixdorf Partners with Compleo to Provide Service for Public Electric Vehicle (EV) Charging Stations in Europe

Rhea-AI Summary

Diebold Nixdorf (NYSE: DBD) has partnered with Compleo to deliver Managed Services for over 1,000 DC fast EV charging stations across Europe, starting in Germany. This partnership comes in response to the rapid growth of the electric vehicle market, which saw sales of 3.2 million vehicles in Europe in 2020. With the expectation of one million additional charging stations by 2025, Diebold Nixdorf aims to leverage its expertise in maintenance and data analysis, complementing Compleo's charging solutions, to meet market demands and enhance customer service.

Positive

• Strategic partnership with Compleo enhances Diebold Nixdorf's service offerings in the expanding EV market.
• Access to over 1,000 DC fast charging stations in Germany opens new revenue opportunities.
• Strong demand forecast for EV charging infrastructure aligns with global market growth.

Negative

• None.

HUDSON, Ohio, Jan. 10, 2022 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD) announced today that it is partnering with Compleo (FRA: C0M), a leading full-service provider for charging technology in Europe, to provide a full range of Managed Services for charge point operators across Europe. Initially, the partnership will cover more than 1,000 DC fast charging stations for electric vehicles (EV) in public locations across Germany with the potential for expansion.

The electric vehicle market has grown rapidly with European sales reaching 3.2 million vehicles⁽¹⁾ in 2020. To power these vehicles, EV charging station deployments have surged, with approximately 200,000 public charge points deployed across Europe at the end of 2019 and a further 1 million units expected by 2025⁽²⁾, creating high demand for installation and maintenance services for these valuable devices.

Through this partnership, the companies will establish a comprehensive service concept. Compleo will provide the required hardware, software services and complete turnkey solutions, while Diebold Nixdorf will provide Managed Services, including responsive break/fix, preventive maintenance, helpdesk, monitoring, and data analysis. In this first step, Diebold Nixdorf's experienced service team will help guarantee a high standard of maintenance that specifically the group of international and cross-regional customers of Compleo like Volkswagen and other top-tier European vehicle manufacturers expect.

Jens Stolze, Compleo's COO said: "E-mobility is picking up more and more speed. This is reflected in the high number of charging stations we have delivered over the past months and years. More and more operators would appreciate Compleo's offer to support them in maintenance and operational services, especially our international customers that demand reliable and smart solutions for operational services all over Europe. With Diebold Nixdorf, we have found a partner that complements our existing service network with qualified technicians and accompanies us into Compleo's next growth phase. As a result, our customers continue to benefit from expertise, European coverage and fast response times."

With Diebold Nixdorf, Compleo plans to expand its service concept as a complete solution provider in Europe for charging infrastructure and improve it in line with increasing customer and market requirements. With Diebold Nixdorf's experience in data analysis, spare parts logistics and field service, Compleo can offer its customers new services tailored to different market segments.

Dr. Ulrich Naeher, Diebold Nixdorf's executive vice president, chief commercial officer said: "The explosive growth of the EV ecosystem is exciting but brings new challenges for device manufacturers and deployers to scale their ability to monitor and maintain this new charging infrastructure. Our services organization can help both technology providers and retailers participate successfully in this fast-growing market as we have the experience, global scale and capabilities to support both AC and DC charging projects through the entire lifecycle from strategy to implementation."

About Compleo
Compleo Charging Solutions AG is one of the leading full-service providers of charging technology in Europe. The company supports its business customers with its charging technologies as well as its charging stations, the software of the charging infrastructure and, if required, also with planning, installation, maintenance and service. Compleo's offering includes both AC and DC charging stations. DC charging stations from Compleo are the first DC charging stations on the market that comply with calibration regulations. The company is headquartered in Dortmund, Germany, with production facilities located in Paderborn, Germany, in addition to Dortmund. The manufacturer focuses on innovation, safety, consumer-friendliness and cost-effectiveness. Its customers include Allego, Clever, E.ON, EWE Go, Comfort Charge GmbH (a subsidiary of Deutsche Telekom), Siemens and more than 150 municipal utilities in Germany. Compleo started production of its first charging stations in 2009. The fast-growing company currently employs more than 500 people. Compleo is listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000A2QDNX9). In April 2021, Compleo acquired 100 percent of the shares in wallbe GmbH, now Compleo Connect GmbH, and in January 2022 Compleo acquired 100 percent of the shares in innogy eMobility Solutions GmbH. More info at: compleo-cs.com/

About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE: DBD) is a world leader in enabling connected commerce. We automate, digitize and transform the way people bank and shop. As a partner to the majority of the world's top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 22,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.

Twitter: @DieboldNixdorf
LinkedIn: www.linkedin.com/company/diebold
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf

DN-C

⁽¹⁾  IEA (2021), Global EV Outlook 2021, IEA, Paris https://www.iea.org/reports/global-ev-outlook-2021
⁽²⁾  European Federation for Transport and Environment (2020) "Recharge EU: How many charge points will Europe and its Member States need in the 2020s"

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SOURCE Diebold Nixdorf, Incorporated

FAQ

What is Diebold Nixdorf's recent partnership about?

Diebold Nixdorf has partnered with Compleo to provide Managed Services for over 1,000 DC fast EV charging stations in Europe, focusing initially on Germany.

How does this partnership affect Diebold Nixdorf's stock?

The partnership positions Diebold Nixdorf in a growing EV market, potentially enhancing revenue and attracting investor interest in DBD stock.

What are the expected benefits of the partnership for Diebold Nixdorf?

The partnership allows Diebold Nixdorf to leverage its expertise in maintenance and data analysis, improving service standards for EV charging stations.

When was the partnership between Diebold Nixdorf and Compleo announced?

The partnership was announced on January 10, 2022.

What market growth is influencing this partnership?

The electric vehicle market in Europe is rapidly expanding, with sales reaching 3.2 million vehicles in 2020 and an anticipated increase in EV charging stations.