NCR Corporation and Scopus Tecnologia Ltda, a wholly-owned subsidiary of Banco Bradesco SA, announced Friday the formation of a strategic alliance for the manufacturing and development of ATMs in Brazil that will see Scopus acquire a 49 percent equity stake in NCR Manaus, NCR’s Brazilian manufacturing and engineering operations.

Concurrently, Banco Bradesco signed an agreement with a target for 30,000 ATMs over the next five years, making NCR its preferred ATM provider with an initial order for more than 6,000 ATMs from NCR Manaus. The agreement is subject to regulatory approval. Terms of the deal were not disclosed.

The agreements will enable NCR to leverage Scopus’ deep technology knowledge and geographical presence, improve manufacturing productivity and deliver innovative products more quickly to financial institutions across Brazil, the world’s fourth largest ATM market.
 
According to Retail Banking Research, the ATM market in Brazil is expected to increase by 27 percent by 2015. The agreement from Banco Bradesco will accelerate NCR’s growth in Brazil and enhance the company’s position in the market.

NCR Chairman and CEO Bill Nuti said the investment is a bold, strategic, and transformative alliance that is perfectly aligned with the company’s corporate strategy as it expands and strengthens its geographic presence and sales coverage.
 
The move underscores why NCR ultimately decided to open its manufacturing facility in Manaus back in 2009 – namely to respond to customer demand for local sourcing and be closer to a dynamic growing market, said Nuti.

The alliance will enable NCR to leverage Scopus’ local market presence and deep customer expertise, while helping it improve its manufacturing productivity and time to market, Nuti noted.

While the initial scope of the alliance is targeted at NCR’s Financial Services line of business, the alliance is not limited to just this industry segment. Both NCR and Scopus are excited with the potential of this alliance as it puts a solid foundation in place for them to jointly pursue growth and exciting opportunities in their other lines of business in the future, Nuti added.

Through the preferred ATM provider agreement, Banco Bradesco will benefit from NCR’s innovative ATMs and financial self-service technology, which includes multi-function and cash dispense ATMs.

These solutions will be deployed at Bradesco’s existing branches and rolled out to new locations as the bank extends its footprint in Brazil. NCR will service the ATMs within the warranty period, after which Scopus will provide services support.

5th August 2011