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P.M. BRIEFING : IBM, Diebold to Merge Services

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<i> From Times wire services</i>

IBM and Diebold Inc. said today they will combine their automated teller machine operations and market the products worldwide under a joint venture.

Under the agreement, the joint venture company and Diebold will market the combined ATM product lines of the two companies in the United States, with assistance from IBM. IBM will market the lines abroad.

No dollar value was placed on the deal.

The joint-venture company will develop new automated teller machines and other self-service banking equipment, the companies said in a joint statement.

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Diebold, based in Canton, Ohio, shipped about 12% of ATMs sold last year worldwide, said spokeswoman Mary Ann Jackson. The company also is a major maker of corporate security systems.

International Business Machines Corp., based in Armonk, N.Y., is a significant player in the ATM market as well as the world’s largest computer company.

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