Diebold Inc. has acquired a 55% share of Richardson & Cia. Ltda., a financial technology company in Bogota, Colombia.

Renamed Diebold Colombia SA, the organization will handle sales and service in Colombia for all Diebold products, which include automated teller machines and bank security systems.The company previously sold equipment made by International Business Machines Corp.

Diebold Colombia will employ 30 sales and service professionals in six locations across Colombia.

In addition, Diebold has agreed to purchase the automated teller machine service business of Comware SA, also of Bogota. Comware has been a Diebold distributor since 1985.

Diebold regards Colombia as "a strategic market," said Ernesto R. Unanue, vice president and managing director for Latin America. "Richardson and Comware are intimately familiar with Diebold and our products, so our customers in Colombia can expect a smooth transition to working directly with Diebold."

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